BRIC ETF Trending Lower Relative To All Countries World ETF
Mike Macdonald | Nov 27, 2014 12:33AM ET
iShares MSCI BRIC ETF (NYSE:BKF) relative to iShares MSCI All Country World Index Fund (NASDAQ:ACWI) into the end of the year
Prices are trending lower once again, with critical support from February 2014 now in sight. There is risk of a break beneath here, as the RSI turns lower also, signalling further BRIC underperformance into early 2015. A break back above the moving average would help bring some stability, but this is not expected, as investor sentiment turns more bearish within the dominant bear trend from late 2010.
Money managers are advised to maintain an Underweight stance to BRIC into the end of the year.
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