Israel ETF Receives Some Bullish Press
The iShares MSCI Israel Capped Investable Market Index Fund (NYSE: EIS) was the recipient of some bullish press on Friday with ETFdb.com pointing to Israel's diverse economy and a projected GDP growth rate of 3.5% in 2010 as potential catalysts for EIS going forward.
That's good news, especially if you had followed the ETF Professor's recommendation of EIS on NOVEMBER 11, 2009. Yes, all caps because the Profesor really did make a bullish call on that date.
Of course you want to know the results. EIS is up nearly 9% since the ETF Professor highlighted the ETF. That's better than twice the performance of the S&P 500 over the same time frame.
EIS still looks like a solid bet for 2010, though a buy on the dips approach may work best for those that are arriving to the party late.
