Comparing with the US EPHE iShares MSCI Philippine ETF, its YTD is marked at 10.33%, while its YOY so far as of today the 7.12.17 is still in negative territory at -8.81% quite some legs to its previous -3.60% last 6.05.17.
And the last time it was in positive territory was on the same month of July 18 2016 with a registered mark at 3.17%. That was when the PSEI marked a high at 7986 and continued to make its high between 8000 and above the 8130 levels. There is quite a percentage and price difference that the PSEI still needs to make up for.
So far so good!.... as for those who have started at the YTD levels trade positions on selected stocks are more positive than the rest. With today's market rally, expect the PSEI to continue in the US EPHE as it has been lagging behind the local index.
For Technical traders, watch and anticipate how these bars would form as the current prices are well within its mid range HI/LO band. The 3rd quarter of the 2017 should provide some interesting market volatility that already have started in the first two weeks of July which should continue to move forward.
Today, Aug 28, 2017 is the 7th year anniversary from its inception date of the iShares MSCI PHILIPPINE ETF that tracks the PSE Index. Although, it carries a high expense ratio of 0.64% it is primarily used as a hedge strategy for fund managers both US and Asian based investors in tracking the PH stock market's performance.
ReplyDeleteThe strategic advantage especially for sophisticated portfolio managers is the access and availability of Options that can accommodate both sides of the market direction whenever it is needed to be applied either on short-medium to long term investment strategies. Since the PSEI does not provide these types of access in the local bourse.