iShares MSCI Singapore (EWS)
Singapore — a hot market for years — was looking a bit too pricey for new money, but then emerging markets got clobbered over the summer on fears of Federal Reserve tapering.
That has created a better entry point for investors looking for exposure to an economy that’s growing at better than a 5% annualized pace.
True, emerging markets are at the mercy of Fed policy, but between the government shutdown and the new Fed chief being a committed dove, tapering fears have been shelved for now.
The emerging-market selloff left the iShares MSCI Singapore (EWS) down 0.7% on the year, making it a good time to buy low. Top holdings include Singapore Telecommunications (SGAPY), United Overseas Bank (UOVEY) and Oversea-Chinese Banking.
As of this writing, Dan Burrows did not hold a position in any of the aforementioned securities.