Exchange traded funds benchmarked to country indices.
This data is for informational purposes only and does not imply a purchase or sell recommendation. For disclosure purposes, we have a position in the iShares MSCI Philippines ETF (EPHE) that we purchased in the second quarter of 2017 and intend to hold for more than one year.
The following charts provide the year-to-date returns of the exchange traded funds (ETF) available for six of the nine countries in Southeast Asia: Indonesia, Malaysia, Singapore, Thailand, Philippines, and Vietnam. Currently, there are no country ETFs that follow the indices in Cambodia, Laos, and Myanmar.
Numerous factors influence the performance of these ETFs and, in most cases, their return will not mirror that of the corresponding index. This is for various reasons, to include the composition of the ETF relative to the benchmark index; currency performance; and management/administrative fees associated with the ETF. We identify the difference between the year-to-date return of each ETF and its corresponding index—the “tracking difference”—but further analysis is necessary to distill the drivers of each ETF’s performance.
*Tracking difference is the ETF return minus the benchmark return. A negative value indicates the ETF has a smaller return than the benchmark; a positive value indicates the ETF has a larger return.