Saturday, October 25, 2008

State of the market - European ETF.

Look at this picture. It is 12 months performance map for European Exchange Traded funds. Not surprise it is deep red color. The worst performers are Belgium iShares (EWK) with almost 70% down followed by Austria iShares (EWO) with -66%. Austria "gate to Central and Eastern Europe" has been under selling pressure especially in last weeks when big hit came to the markets like Hungary, Czech Republic or Poland. Relative winner seems to be iShares Switzerland (EWL) which is down 37%. Swiss ETF benefited mainly due to positive trend of Swiss franc vs. Euro. But generally we can conclude than the whole European Union ETF world is down more than 50%. For comparison, US funds are with far better performance. S&P (SPY) -41%, iShares Dow Jones (IYY) -40% and PowerShares QQQ (QQQQ) -44%.


2 Responses to "State of the market - European ETF."

TopForeignStocks said... October 26, 2008 at 2:25 AM

That is an awful chart. I was gonna
an article on ETF performance like this one. But you preempted me.

Well I will do my post in a different way I guess.:)


Vlada, Czech Republic said... October 26, 2008 at 10:56 AM

yes David, it's really not nice. I am looking forward for your post.