NEW YORK ( TheStreet Ratings) -- TheStreet.com Ratings initiated coverage of eight exchange-traded funds, or ETFs, that accrued a sufficient track record of risk and performance data by the end of May 2011. All eight of these newly rated ETFs earned initial grades in the 'buy' range. Seven of the funds that opened for business in May of 2010 received our highest possible rating of A+, or Excellent. None performed better over their first year of trading than the iShares MSCI Poland Invstbl Mkt Idx ( EPOL) jumping in value by 64.8%.
The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Poland Investable Market Index. The Index is designed to measure the performance of equity securities listed on stock exchanges in Poland. Top holdings include PKO Bank Polski SA at 12.6% of assets, KGHM Polska Miedz S.A. at 12.6%, and Bank Pekao SA at 9.2%. Another newly rated ETF starting at A+, the Russell Equity ETF ( ONEF), returned 27.9% in one year. The Fund seeks long-term capital appreciation. The Fund invests in Underlying ETFs that track various securities indices comprised of large, mid and small capitalization companies in the United States, Europe and Asia, as well as other developed and emerging markets. Russell Investments' first fund structured as an ETF-of-ETFs format has accumulated $12.9 million in net assets. Top ETFs held are iShares Russell 1000 Index Fund ( IWB) at 41.2% of assets, Vanguard MSCI EAFE ETF ( VEA) at 20.3%, and Vanguard MSCI Emerging Markets ETF ( VWO) at 10.2%. iShares MSCI USA Index ( EUSA), also rated at A+, seeks investment results that correspond generally to the price and yield performance of the MSCI USA Index. The Index is designed to measure the performance of equity securities in the top 85% by market capitalization of equity securities listed on stock exchanges in the United States. These include top 10 holdings of Exxon Mobil ( XOM), Apple ( AAPL), Intl Business Machines ( IBM), and General Electric ( GE).
Research MethodologyTheStreet.com Ratings condenses the available fund performance and risk data into a single composite opinion of each fund's risk-adjusted performance. This allows the unbiased identification of those funds that have historically done well and those that have underperformed the market. While there is no guarantee of future performance, these Investment Ratings provide a solid framework for making informed, timely investment decisions. The funds listed below have reached their one year anniversary.
Funds rated A or B are considered "Buy" rated based on a track record of higher than average risk-adjusted performance. Funds at the C level are rated as "Hold," while underperformers at the D and E levels our model ranks as "Sell." -- Reported by Kevin Baker in Jupiter, Fla. For additional Investment Research check out our Ratings Research Center.