An ETF With a Buffett AnglePublished 3/2/2011 2:41 p.m. EST As is generally the case, investors and commentators are poring over the latest annual Buffett missive, trying to extract the intentions of one of the world's most successful investors. One of the more interesting results of this year's letter is a new list from Bloomberg Data of companies that are potential Buffett targets. Using the takeover requirements listed by Buffett, Bloomberg generated a list of firms that could potentially meet his investing criteria. Looking over the list, which spans a wide range of firms, a few names and categories begin to stick out. One grouping of firms that meet the Buffett criteria include high-profile aerospace and defense names. The list includes General Dynamics ( GD), Lockheed Martin ( LMT), Raytheon ( RTN) and L-3 Communications ( LLL). While these names make up just a portion of the Bloomberg Buffett list, they all appear in the iShares Aerospace & Defense ETF ( ITA). > > Bull or Bear? Vote in Our Poll
- market cap between $4 billion and $40 billion;
- return on common equity >10%;
- five-year net income growth in highest 50%; and
- capital expenditures / total assets > 0.5.
Get Bullish on SwedenPublished 3/1/2011 2:33 p.m. EST With many of the "BRIC" countries underperforming and uncertainty in the Middle East keeping investors close to home, it's time to look in a different direction and consider a European play. Today, investors learned that Sweden's gross domestic product surged in the final quarter of 2010, rising the most since statisticians first began recording the country's GDP. According to Statistics Sweden, economic output in Sweden grew 7.3% in the three months ended Dec. 31 compared with the same period in 2009, beating economists' estimates of 6.9%. This type of expansion and outperformance makes the iShares MSCI Sweden ETF ( EWD) an attractive option for investors looking to diversify international portfolios. EWD is a large, liquid ETF that tracks 34 of Sweden's top firms. Holdings potentially familiar to the American investor include Ericsson, Volvo and Atlas Copco. While the underlying portfolio is weighted heavily toward industrials and financials, consumer discretionary firms also make up a notable chunk of underlying holdings. The release of Sweden's economic statistics should help boost EWD in the next couple of sessions. Investors looking to make a longer-term investment should remember to keep currency concerns in mind.