Enzio's Clock - USA/Global: Stock markets and inventory cycles - Comments

Enzio- I'm so sorry for not

heyduce — Fri, 06 Mar 2009 12:02:54 +0800

Enzio-
I'm so sorry for not responding sooner- I was not monitoring this post and did not see your inquiry.
Here is a link to the overview of the iShares MSCI Chile Investable Market Index Fund (ECH).

http://us.ishares.com/product_info/fund/overview/ECH.htm

Jose, useful input. Thank

Enzio — Sat, 14 Feb 2009 15:40:40 +0800

Jose, useful input. Thank you for your contribution.
At some point I will do the Clock for Chile, etc, but my only concern is the liquidity of your instrument.

Where does one get the actual composition of these ETFs, please? Can you help us by telling us?

Thanks , Enzio

Here is the breakdown of ECH

heyduce — Tue, 10 Feb 2009 03:07:38 +0800

Here is the breakdown of ECH by sector and by holdings.
29.56% Utilities
18.42% Industrials
17.70% Materials
14.57% Consumer Staples
8.49% Financials
5.01% Telecommunication Services
4.75% Consumer Discretionary
0.97% Information Technology
0.31% Health Care

12.75% EMPRESA NACIONAL DE ELECTRICAS- Utilites
11.38% EMPRESAS COPEC SA - Supermarkets, department stores
11.11% ENERSIS S.A - Utilities
8.17% SOC QUIMICA Y MINERA CHILE-B- Fertilizers
5.58% EMPRESAS CMPC SA- Paper products
4.95% BANCO SANTANDER CHILE SA-Money center banks
4.41% LAN AIRLINES SA -Airlines
4.25% CENCOSUD SA-Diversified operations-Oil and gas, mining, logging, fishing, etc.
4.24% DISTRIBUCION Y SERVICIO D&S-Supermarkets
3.99% COLBUN SA-Electricity, natural gas

The first thing to notice is the low weighting of financials. The main bank holding is Banco Santander Chile which is doing quite well, maintaining a 24% growth rate.
Everything else is concentrated in what I would call essential infrastructure.
Fertilizers and airlines have been recovering from the big downdraft lately.
Finally, I would say that while Chile has a good-sized economy, it flies a little "under the radar" of many emerging market investors, who are always watching Brazil and China.
ECH only trades about 50,000 shares a day, compared to EWZ, which trades 17 million. Way below the radar of the trading crowd.

Jose, terrific input. Thank

Enzio — Sat, 07 Feb 2009 18:20:51 +0800

Jose, terrific input. Thank you so much. Will look at this and monitor. Any reason that you can offer why this has done so well?

Regards, Enzio

Chile

heyduce — Fri, 06 Feb 2009 01:18:25 +0800

Chile-
Ishares launched an ETF covering Chile (ECH) that has been quietly ignoring the global downturn. It fell from 50 to a low of 24 in October, then 26 in December, and has since risen to 34 in a straight line. Worth a look.
Jose Duce

USA/Global: Stock markets and inventory cycles

Enzio — Fri, 30 Jan 2009 18:16:18 +0800

Teaser:

Readers know of our fixation on how well the Economic Time™ has served our readers. Indeed, per our last Advice Tracker, our advice has provided subscribers with a return of 28.5% since the market crash of October, 2007!

As you know, our Economic Clock™ has two arms. In the middle of this December, we issued a missive on its monetary arm, discussing stock markets and lending cycles, suggesting when the U.S. lending cycle that is relevant to markets "should"bottom.

Today, we discuss the real arm of the Clock, looking more closely at what inventory cycles reveal about when markets bottom.

Topics Covered:

The Economic Time
What the Economic Clock's monetary arm reveals
What the Economic Clock"s real arm reveals
Near and long-term investment road map
How to save money off this idea