Foreign markets demonstrating relative strength against US Markets over the last month, suggests foreign markets/stocks could outperform US stocks over the next few months.
US Markets have been stuck in a macro wedge since pulling off highs as the S&P (NYSE:SPY) and Dow (NYSE:DIA) are up less than 2% over the last month, while the Nasdaq (NASDAQ:QQQQ) remains a laggard so far in 2011. Listed below are the top 5 foreign etfs and their 1-month performance along with their top 3 holdings.
iShares FTSE China 25 Index  || NYSE:FXI Â
1-month perf.: 4.62%
1. China Mobile Ltd. | NYSE:CHL | 9.60% of FXI net assets
2. China Construction Bank Corporation | PINK:CICHY | 9.38%
3. Industrial and Commercial Bank of China Ltd. | PINK:IDCBY | 7.99%
iShares MSCI Brazil Index || NYSE:EWZ
1-month perf.: 4.43%
1. Petroleo Brasileiro SA Petrobras | NYSE:PBR | 20.13%* of EWZ net assets
2. VALE | NYSE:VALE | 17.71%*
3. Banco Itau Holding Financeira SA | NYSE:ITUB | 11.08%*
* Figure represents combined holdings in fund
iShares MSCI Canada Index  ||  NYSE:EWCÂ
1-month perf.: 3.20%
1. China Mobile Ltd. |  NYSE:CHL  |  9.60% of EWC net assets
2. Toronto-Dominion Bank | NYSE:TD | 5.02%
3. Suncor Energy Inc. | NYSE:SU | 4.95%
Market Vectors Russia ETFÂ || Â NYSE:RSXÂ Â
1-month perf.: 2.99%
1. OJSC OC Rosneft | N/A  | 8.01% of RSX net assets
2. OAO Gazprom ADR | PINK:OGZPY |  7.88%
3. Ak Sberegatelny  | PINK:IDCBY  | 7.81%
WisdomTree India Earnings Fund || NYSE:EPI
1-month perf.: 2.72%
1. Reliance Industries Ltd. | N/A  | 12.30% of EPI net assets
2. Infosys Technologies Ltd. |  NASDQ:INFY |  7.17%
3. Oil & Natural Gas Corporation | N/A | 5.60%
Source: MSN Money
Chart below illustratres performance gains of above listed foreign versus the S&P (NYSE:SPY)
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