Top 5 Most Desired ETFs by Fund Flow Percentage

QuickHand

It's true that the second most coveted ETF by dollars invested in May was the iShares Emerging Market Fund (EEM). Investors poured $1.07 billion into EEM... and roughly $800 million more into the Vanguard Emerging Market Fund (VWO).

(Note: VWO and EEM both track identical indexes... the MSCI Emerging Market Index.)

There's little doubt that the investing public has embraced the emerging market growth story. Yet rather than look at investor desire in absolute dollar terms, I thought we might learn a little something different by examining ETF interest in percentage growth of total net assets.
                % Growth of Net Assets
Direxion Financials Bear 3x         FAZ         63%
Vanguard MSCI MidCap         VO         39%
US Natural Gas         UNG         38%
iShares MSCI-Taiwan         EWT         25%
ProShares UltraShort S&P 500         SDS         19%

Judging form the looks of these figures, it doesn't appear that traders are finished betting against the well-being of the U.S. financial system. We're looking at 60%+ growth in a fund that seeks 3x the daily inverse performance of the Russell 1000 Financial Services Index. And for that matter, pursuing double the inverse performance of the S&P 500 with ProShares UltraShort S&P 500 (SDS) may be a message from traders that reads, "It aint over."

By the same token, one can't have a mid-cap fund like Vanguard MSCI Mid-Cap (VO) jump in demand by nearly 40% in a single month if there weren't believers in U.S. economic recovery. VO gained 4% in May, and currently resides above a long-term moving average.

Vanguard midcap vo 2009

Yet for me, the most telling net asset growers have a "greet shoots" stake in alt energy and tech. In fact, one month ago, I suggested that the US Natural Gas Fund (UNG) could surge if oil kept on rising.

Oil kept rising alright. Did UNG follow suit? It did pile on 11% in May... but the results have been pretty spotty. Volatility and inconsistency still plague the commodity. At the same time, an awful lot of investor interest came UNG's way in May.

Finally, the iShares Taiwan Index (EWT) is an enigmatic investment, as it is hardly an emerging market growth story. In truth, it is one of the strongest indications on the health of th e global economic cycle because it's lifeblood is semiconductor demand. And semiconductor demand historically leads the way out of recessions.

Taiwan is even more intriguing these days because of its relationship with China. In spite of well-publicized political differences, Taiwan remains of of China's most important suppliers.

iShares Taiwan Index (EWT) is up a staggering 40% in 2009. It is also more than 20% above its 200 day moving average. (Review my April column, "3 Asian Countries Are Rocketing Higher.")

Ewt taiwan 2009 Full Disclosure: The author, a Registered Investment Advisor with the SEC, may hold positions in the ETFs, mutual funds and/or index funds mentioned above.

wlee

sofa

dividend_growth

看来只有FAZ和SDS从这名单上消失，熊才能有希望。

UNG, EWT可能都没戏，台湾几天内已跌了20%。

Fig

看来只有FAZ和SDS从这名单上消失，熊才能有希望。

UNG, EWT可能都没戏，台湾几天内已跌了20%。
dividend_growth 发表于 2009-6-9 08:58

need to see SSO and UYG as replacements

dara

KAO, so many people betting on FAZ.

No wondering MM holding JPM/WFC/GS so strong.

trueself

1# QuickHand

thanks

trueself

3# dividend_growth

yuelm2008

up

小咪

1# QuickHand

谢快手

acura

lwjnbtx

Ding!

rightonmoney

ding

aurora99

ding

cartier

THANKS