I am in the process of deciding what iShare ETFs to buy and have got it down to three to increase my portfolios dirversification:-
iShares FTSE/Xinhua China 25
iShares DJ Euro STOXX MidCap
iShares DJ Euro STOXX Select Dividend
I assumed that buying two of these would give me a good spread, meaning if one goes down the other shouldn't. But looking at the graphs this isn't the case:-
http://www.iol.ie/~foundation/photos/China.JPG
http://www.iol.ie/~foundation/photos/Euro_mid.JPG
http://www.iol.ie/~foundation//photos/Euro_div.JPG
The growth percentage is different, but the overall trends are almost identicle.
Is there something I am missing?
The china ETF claims that the shares are bought on the Hong Kong exchange, so it shouldn't be following the FTSE trend...
Any help would be great!
Thanks
Robert
iShares FTSE/Xinhua China 25
iShares DJ Euro STOXX MidCap
iShares DJ Euro STOXX Select Dividend
I assumed that buying two of these would give me a good spread, meaning if one goes down the other shouldn't. But looking at the graphs this isn't the case:-
http://www.iol.ie/~foundation/photos/China.JPG
http://www.iol.ie/~foundation/photos/Euro_mid.JPG
http://www.iol.ie/~foundation//photos/Euro_div.JPG
The growth percentage is different, but the overall trends are almost identicle.
Is there something I am missing?
The china ETF claims that the shares are bought on the Hong Kong exchange, so it shouldn't be following the FTSE trend...
Any help would be great!
Thanks
Robert