Intersting points - thanks.
hmmm - I'm not really looking for full neg. correlation as you described, but what I was hoping is that I have my money split between European and China ETF so if one takes a dive that the other won't follow the exact same trend. I guess I am just amazed that these ETFs are sold as a great way to diversify your portfolio when so many seem to follow almost identicle trends. I have even looked at a few others S&P 500 , FTSE and these also have very similar graphs - the ETF for Japan has a different one!
I'm starting to think I would be better off just buying one and then also purchasing 2 UK companies aswell.
SPC 100 - Out of interest what book are you reading?
I don't think volatility over the long term will concern me too much on Irish/European shares, but if I saw the China ETF taking a dive I would be worried!
Crumdub 12 -
I am using Campbell & O'Connor(
www.camocon.ie ), it costs €50 a year to have a sponsor CREST account with them but there is no annual charge for an execution only account. On a side note, I have found them great to deal with - friendly and always helpful.
Before I setup my CREST account with C&O'C I looked into opening a Goodbody online account. This has an annual fee of €26, but they don't charge for having a CREST account. However the serious down side to their account is that they will only allow you to buy 5 iShare ETFs:
">MSCI Emerging Markets Index Fund
>ISHARES FTSE/ Xinchua China 25 Index Fund
>Ishares EAFE Index Fund
>Ishares FTSE 100
>ISEQ 20 ETF"
I found this out after 2 emails and 2 phone calls, I also was told that the reason for this is:
" It is not possible to set-up any more as they are not all CREST eligible and therefore cannot be held or traded through the online platform. "
After getting annoyed at the unhelpful(almost snotty!) replies I was getting I contacted CREST directly and was told they support all iShare ETFs and a full list can be seen here:
http://www.crestco.co.uk/home/home.html#/products/operational/isins_crest.html
If you do a search for iShare they all show up, they are not named, but the ISIN numbers are shown and you can check these against eh iShare website (
www.ishare.net ).
Hope that helps..
Any more ideas on those graphs would be great!
Robert