Friday, April 27, 2007

International Small Cap Investing


Rec'd the email from State Street today announcing the new international small cap etf. The symbol is GWL. Interesting, from the email: •Unmatched access to international small cap developed markets. Get broad, comprehensive coverage with 3,991 listed securities in 25 developed ex-US countries.
•Returns superior to most actively managed funds. The underlying index outperformed more than 74% of peer actively managed funds for five years ending 12/31/2006. All with a fee of just 60 basis points. You can click here to go to the SSGA website to learn more, as i dont want to steal their thunder.


Wisdom Tree rolled out a host of funds last summer - and their broad international small cap is symbol = DLS. Check above for its raging bull market chart.
Finally, investors can now access high yield bonds (junk) via an ETF - check symbol HYG. This MIGHT allow us to track intraday changes in the high yield market and guesstimate what NAV changes might be in store for other high yield funds on the same day. Let's give this baby some time to develop and we'll watch closely to see how it performs.

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