A Real BRIC Breaker: EEB
By Christian Magoon:In 2012, all three BRIC ETFs are in positive territory despite concerns of an economic slowdown in China and India. Of note however, is the lag in performance of one of the BRIC ETFs, EEB. EEB breaks the BRIC mold in a number of ways, some of which will serve as a surprise to many.
Short Term Performance
First EEB has significantly lagged the two other BRIC ETFs, BKF and BIK year to date. Take a look at the 2012 performance bar chart below of the Guggenheim BRIC ETF versus the iShares BRIC ETF and the SPDR BRIC ETF. This graph is from stockcharts.com.
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The iShares and SPDR BRIC ETFs have both gained close to 7.5% for the year while the Guggenheim BRIC has gains of just 5.8%. This is a 170bps difference in under 5 months. How could there be such a discrepancy between the performanceComplete Story »