Since I’m a risk manager first and foremost, my career has led me to be naturally skeptical of “moonshot” moves in stocks and exchange-traded funds (ETFs). It kept me out of trouble by not chasing stocks like Oracle (ORCL) and Advanced Micro Devices (AMD) in recent months. But it costs me on the other end.
As with the iShares Asia 50 ETF (AIA). This has been my go-to for non-Japan Asia investing. I like its simple, 50-stock, market-cap-weighted structure. I’ve owned it a few times over the years, but not recently. Because I find the global stock market too highly correlated to be excited about drifting very far from where the market’s core is — the S&P 500 Index ($SPX), and the Dow ($DOWI) and Nasdaq ($NASX).
