So the Red Sox had a legends day yesterday for the ring ceremony before the home opener. Very neat to see all those guys but what is a Boston sports legends day without Eric Fernsten (now that is an obscure reference)?Chile is going to start a sovereign wealth fund with about $6 billion.
I have been a fan of Chile as an investment destination for a long time preferring one of the banks. The country has a lot going for it including only 15% of its exports going to the US.
On a different note Northern Trust has finally started listing its ETFs under the brand name NETS. The site has information on six funds; Australia, the UK, France, Germany, Hong Kong and Japan. These six are really not that new but they have filed for some others that could bring something different to the table.
I'm not sure why NETS is leading off with me too funds (well, they are slightly different) but it is a start.
Claymore filed for a frontier market fund. I don't know much about the fund yet but over a full stock market cycle this will be a crucial asset class. I am saying that even if the fund comes out at the wrong time it is still a very important type of holding for your long term result. Note I am talking about the asset class which I do know a little about as opposed to the fund which I do not.
5 comments:
IndexUniverse had an article on the Claymore Frontier fund and probaly half of it is emerging markets. They have Poland, Egypt and the Czech Republic in the fund. Egypt and Poland add up to ~45% of the fund. In my opinion this is not a desirable fund.
Paul
thanks Paul. I have seen two other frontier indexes (one from S&P and the other maybe from FTSE) that were heaviest in Pakistan.
Poland is probably more emerging market but an argument for Egypt as a frontier is plausible?
Roger, I would like to send you an email of a comment before I post it. If you wouldnt mind can you shoot me an email at whiteatlas-roger@yahoo.com so I can email it to you before I post it. Thanks
No more obscure than Kevin Stacom or Henry Finkel.....
Kevin Stacom and Hank Finkel?
Nice. Zaid Abdul Aziz.
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