Opinion on  iShares MSCI Singapore Index Fund (EWS)     Sector: Financial  >  Industry: Misc. Financial Services
Emerging market growth in a developed market

Singapore is not a backwater emerging market.  Singapore is well on its way to becoming the Switzerland of Asia.  This ETF is heavily weighted toward financial services, business services, and telecom: three great ways to cash in on the economic growth of this island nation.  Also, the average P/E of the companies of the ETF is 16.  That's not bad at all for what's supposedly an emerging market. 

There is an emerging markets selloff.  The recently strong dollar hasn't helped.  Also, this ETF is about half in financial services.  Still, it is only down about 9% YTD.  Average P/E of the companies it holds is 14.5, roughly the same as SPY with much greater growth prospects.