Hottest ETFs Of March

April 01, 2014

India-related funds dominate best performers last month.


Hottest ETF Plays of March14

  • India: India was a hot market in March no matter which way you cut it—six of March's 10 best-performing ETFs were India-related, including small-caps (SCIF | D-49) and consumer-focused (INCO | F-40) themes. Still, with a gain of 18 percent over the month, the EGShares India Infrastructure ETF (INXX | F-16) takes the cake.
  • Colombia: An improving trade balance coupled with declining unemployment and better-than-expected growth contributed to Colombia's strong performance in March. For exposure to Colombia, we recommend the Global X FTSE Colombia 20 ETF (GXG | D-43), which gained 15 percent over the month.
  • Wheat: Wheat prices spiked in March as the crisis in Ukraine escalated and threatened to disrupt supplies from one of the world's biggest wheat exporters. Inclement weather in the United States and other wheat producers also played a role throughout the month. The Teucrium Wheat ETF (WEAT | A) gained 14 percent over the month.
  • Turkey: Despite ongoing controversy, elections last month that will keep the ruling party in power reinvigorated conviction in the country's palatable growth story. The iShares MSCI Turkey ETF (TUR | B-99) gained 14 percent in March.
  • Brazil: A series of strong economic data and corporate earnings helped propel Brazilian equities in March. Financials have been the biggest benefactor of Brazilian growth, as noted in the Global X Brazil Financials ETF (BRAF | F-31).
  • Indonesia: This former titan of emerging market growth ran into trouble in 2013, but the country appears to be winning its fight against inflation, and interest rates have stabilized. Public budget issues appear on the mend and pro-business candidates have been elected. Will Indonesia regain its former growth glory? For exposure to Indonesia, we recommend the iShares MSCI Indonesia ETF (EIDO | B-99), but risk-seeking investors may prefer the Market Vectors Indonesia Small Cap ETF (IDXJ | F-59).
  • Nickel: Supply concerns sent this base metal up 9 percent over the month. A single Russian company, Norilsk Nickel, produces 17 percent of the world's nickel; Western sanctions might take that supply off the market. Indonesia, another of the world's largest nickel producers, also recently banned exports of the base metal. The iPath Dow Jones-UBS Nickel Total Return ETN (JJN | C-93) gained 9.3 percent last month.
  • New Zealand: New Zealand's strong growth in a world of otherwise-tepid developed market growth has not escaped the attention of international investors. The iShares MSCI New Zealand ETF (ENZL | C-97) gained 8 percent in March.


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