Saturday, 17 December 2016

Malaysia. ETF. Find Me

Is the current hit single by Sigma with a little help from Birdy.

The ETF story is the least exploited "Find Me" story on the state of the Malaysian Ringgit, but it is one of the most accurate indicator of what is in store for the Ringgit.

An exchange-traded fund (ETF) is an investment fund traded on stock exchanges.

An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day.

Most ETFs track an index, such as a stock index or bond index.

Year-to-date, the iShares MSCI Indonesia ETF (EIDO) has risen 19.6%, the iShares MSCI Thailand Capped ETF (THD) has gained 27%, the iShares MSCI Malaysia ETF (EWM) has fallen 1.5%.

NOW that will tell you why, the Ringgit is also not doing well against the Rupiah and Bath