29.01.2013 - Surprises among EM ETFs, commodities in 2013
Not even full month into the new year and an arguably surprising theme has been seen with emerging markets ETFs that track nations viewed as raw materials plays. The theme being that some of these ETFs have shown little correlation to price action in the commodities traders view the ETFs as often being highly correlated to. Interestingly, this theme is playing out to the advantage of some ETFs and to the disadvantage of others. Said differently, some emerging markets funds that have a reputation for being highly correlated to a particular commodity are outperforming that commodity by wide margins...............................................Full Article: Source
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