July 7, 2010 – The Top First Half ETF Performers

Featured Trades: (TOP COUNTRY ETF's), (GXG), (TF), (THD)
Global X/InterBolsa FTSE Columbia 20 ETF
Thai Capital Fund, Inc.
iShares MSCI Thailand Investable Market Index ETF
Market Vectors Indonesia Index ETF

3) The Top First Half ETF Performers. A ranking of the top performing ETF's so far in this dreadful 2010 produces some strikingly familiar names to readers of the Diary of a Mad Hedge Fund Trader. Thailand (TF), came in at number three with a 10% pop, whose virtues were sung during my recent interview with Global Investing's Vivian Lewis (click here). This appreciation was achieved in the face of almost continuous rioting in the capital of Bangkok, where at one point, the stock exchange was burned down. Perhaps that's one way to deal with program trading? Imagine how it will do during calmer times! Indonesia (IDX) was number two with a 15% gain, a country I have been excited about for a long time (click here). The enchanting archipelago nation is a great play on an emerging Muslim middle class and is a major energy exporter. Which country ETF came in at number one? Columbia (GXG), which leapt an impressive 18% during the first half. I have watched in amazement as this country rocketed for the past year, but wimped out because of its obvious political risk and a long association with the drug trade. Foreign investors poured in capital, satisfied that recent reforms will stick. I guess you can't catch them all.

Global X Interbolsa FTSE Columbia ETF

Market Vectors Indonesia Index ETF

Thai Capital Fund Inc.