Editor’s note: As of 9/12/11, the Focus ETF model is no longer available on Covestor
The Focus ETF model, managed by Analytic Investment, looks for ETF mispricing opportunities made available by market inefficiencies. Recently, Analytic Investment added several new ETFs to the model, including:
- iShares MSCI Sweden Index Fund (EWD), a fund that attempts to mirror the performance of the MSCI Sweden index. On November 10th, the fund was trading at a discount to NAV. EWD’s price had fallen from $30.12 on October 25th to $29.07 on October 28th.
- iShares MSCI Hong Kong Index Fund (EWH), a fund with the goal of mirroring the performance of the MSCI Hong Kong index. On September 1st, EWH had a closing price of $16.36. By November 8th, EWH had closed much higher, at $20.23. On November 10th the fund was trading at a discount to NAV.
- iShares MSCI Thailand Investable Market Index Fund (THD). THD attempts to mirror the results of the MSCI Thailand Investable Market. THD’s price has grown quite a bit in recent months. It had a closing price of $56.85 on September 1st. That closing price reached $68.49 on November 8th—a more than 20 percent increase. On November 10th the fund was trading at a discount to NAV.
- iShares MSCI Turkey Investable Market Index Fund (TUR), a fund that looks to mirror the performance of the MSCI Turkey Investable Market index. On November 10th TUR was trading at a discount to NAV, even after rising from a closing price of $60.10 on August 30th to $78.27 on November 8th.
