Why PIIGS ETFs Are Outperforming: GREK, VGK, EWP, EWI, EIRL

The U.S. markets continue to rise this year and reached a new all-time high again last month. This is primarily attributable to an improving labor market, solid retail data and a recovering housing market. The recent surprise move by of the Fed of keeping the $85 billion bond purchase program unchanged gave further boost to equity markets across the globe.

This is especially true give that the broad U.S. equity fund – SPDR S&P 500 ETF (SPY) – is up nearly 20.7% in the year-to-date time frame.

At the same time, Europe has also been rebounding impressively on rising consumer confidence, declining unemployment rates, firmer currency, less concern on debt levels as well as improving manufacturing and service sectors.  (more)

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