Trend Condition of Country Funds
Source: http://feedproxy.google.com/~r/qvmgroup/yrMF/~3/CRurmBz2TKY/5821Posted on Monday, August 17th, 2009 | In Developed Markets, Emerging Markets, Frontier Markets, Market Commentary
There were some substantial price moves today for many country and region funds. How do they look now relative to their 200-day simple moving averages?
The chart below shows the ratio of the price to the 200-day average, and the 100-day average to the 200-day average, for 35 country and region funds as of end-of-day August 17, 2009.
click image to enlarge
The ratios are color coded: green for > 1.10, yellow for < 1.10 > 0.90, and pink for < 0.90.
Not shown in the chart is the fact that all of the funds have some degree of upward sloping 200-day simple moving average, except for the U.S. which is flat, Italy with is flat with a hint of up, and GCC countries which are sloped down.
Approximately 1/3 of the funds have the price above their 25-day average, while 2/3 of the funds have the price at or below their 25-day average. Those where the price is below the 25-day average are:
- MSCI emerging markets index
- BNY/Mellon frontier markets index
- Canada
- Germany
- Hong Kong
- Singapore
- China
- India
- South Korea
- Taiwan
- Thailand
- Indonesia
- Russia
- Chile
- South Africa
- Israel.
Securities Mentioned: VT, EFA, VWO, FRN, SPY, EWC, EWG, EWU, EWQ, EWN, EWL, EWP, EWD, EWK, EWO, EWI, EWJ, EWA, EWH, EWS, FXI, IFN, EWY, EWT, EWM, THD, IF, RSX, EWZ, EWW, ECH, EZA, ISL, TUR, MES.
Disclosure: We have positions in several of the mentioned funds at most times.
Richard Shaw
QVM Group LLC
Last 5 posts by Richard Shaw
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Developed Markets, Emerging Markets, Frontier Markets, Italy, Market Commentary, QVM Group LLC, Richard Shaw, SPY, United States
 About Richard Shaw (http://www.QVMgroup.com)
Richard is a principal of QVM Group LLC, a fee-based investment advisor based in Connecticut with clients across the country. He provides investment coaching to "do-it-yourself" investors, and manages portfolios for those who prefer not to make their own decisions. His investment approach is based on value, asset allocation, benchmarking, expense control, risk management, customizing portfolios to each client's specific circumstances, and regular communication about strategy and performance. The QVM Group team also provides municipal refinance services, strategic business planning and financial analysis service for new ventures, private acquisition analysis, and custom investment research. Richard's extensive experience, includes serving on the Board of Directors of Aberdeen Asset Management PLC (London Stock Exchange: ADN), membership on the Board of Directors of Phoenix Investment Counsel (renamed Virtus Investment Advisors), a U.S. pension manager and investment advisor to the Phoenix Funds (renamed Virtus Funds), as well as serving as Managing Director of a series of offshore investment funds based in Luxembourg. He has led institutional asset management sales and had overall responsibility for management of a U.S. mutual funds broker-dealer. He was a charter investor and member of the Board of Directors of several internet companies, including Lending Tree prior to its IPO. He is a graduate of Dartmouth College. QVM Group LLC is a Registered Investment Advisor. Visit the QVM Group website http://www.qvmgroup.com/QVMinvest/ |
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