The following exchange traded funds focused on Brazil and other emerging markets are all up between 19% and 30% year to date and trading at or near their 52-week highs. EGShares India Consumer INCO is about 21% higher year to date but still down more than 5% from recapturing the 52-week high. The investment seeks to replicate the Indxx India Consumer index, a 30 stock free-float adjusted market capitalization index designed to measure the market performance of companies in the consumer sector of India. The nondiversified fund consists of common stocks that are listed on National Stock Exchange and Bombay Stock Exchange. EGShares Industrials GEMS ETF IGEM is more than 25% higher year to date after pulling back a bit in the past month. The investment seeks results that correspond to the price and yield performance of the Dow Jones Emerging Markets Industrials Titans 30 Index. The nondiversified fund normally invests at least 80% of its net assets in securities of companies that are included in the underlying index. EGShares Utilities GEMS ETF UGEM is more than 19% higher than at the beginning of the year, but still down almost 9% from the 52-week high. The investment seeks results that correspond to the price and yield performance of the Dow Jones Emerging Markets Utilities Titans 30 Index. The nondiversified fund normally invests at least 80% of its net assets in securities of companies that are included in the underlying index. See also: China Stimulus? These ETFs Might Benefit Global X Brazil Consumer ETF BRAQ is up more than 26% since the beginning of the year despite pulling back a bit this past week. The nondiversified fund normally invests at least 80% of total assets in the securities of the Solactive Brazil Consumer Index and in depositary receipts based on the securities in the index. The underlying index is designed to measure the performance of the consumer sector of the Brazilian economy. Global X Brazil Financials ETF BRAF is about 29% higher since the beginning of the year but up less than 6% in the past month. The nondiversified fund normally invests at least 80% of total assets in the securities of the Solactive Brazil Financials Index and in depositary receipts based on the securities in the index. The underlying index is designed to measure the performance of the financial sector of the Brazilian economy. Global X Brazil Mid Cap ETF BRAZ is up almost 25% from the beginning of the year but only about 4% higher than a year ago. The nondiversified fund normally invests at least 80% of total assets in the securities of the Solactive Brazil Mid Cap Index and in depositary receipts based on the securities in the index. It also focuses on securities on companies that are domiciled in, principally traded in or whose revenues are primarily from Brazil. See also: Whatever Happened to the Russia Small Cap ETF? Global X FTSE Colombia 20 ETF GXG is up more than 22% since the beginning of the year and trading near its 52-week high. The nondiversified fund invests at least 80% of total assets in the securities of the FTSE Colombia 20 index and in depositary receipts based on the securities in the index. The index is designed to measure broad-based equity market performance in Colombia. Top holdings include Ecopetrol EC and BanColombia CIB. Guggenheim China Real Estate TAO is more than 26% higher since the beginning of the year, but it also has pulled back recently. The investment seeks investment results that correspond generally to the price and yield performance of the AlphaShares China Real Estate Index. The nondiversified fund's top holdings include Wharf Holdings, Sino Land and Henderson Land Development, all traded on the Hong Kong exchange. iShares MSCI Brazil Small Cap Index EWZS is up more than 27% year to date but only a little more than 3% higher than a year ago. The nondiversified fund generally invests at least 90% of its assets in the securities of the underlying index and in depositary receipts representing securities of the index. The index is designed to measure the performance of equity securities in the bottom 14% by market capitalization of equity securities listed on stock exchanges in Brazil.
ACTION ITEMS: Bullish: Investors may also want to consider the following trades:
  • Direxion Daily Russia Bull 3X Shares RUSL is more than 81% higher year to date.
  • Direxion Daily India Bull 3X Shares INDL is more than 80% higher year to date.
  • Direxion Daily China Bull 3X Shares YINN is more than 57% higher year to date.
  • Market Vectors India Small-Cap ETF SCIF is more than 52% higher year to date.
Bearish: Traders may prefer to consider these alternative positions:
  • Direxion Daily Technology Bull 3X Shares TYH is up almost 68% year to date.
  • Direxion Daily Semiconductor Bull 3X Shares SOXL is up about 58% year to date.
  • UBS E-TRACS 2x ISE Solid State Drive ETN SSDL is up more than 56% year to date.
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