If EWS is a fund that tracks Singapore stocks, why does it fluctuate so tightly with DJIA? Singapore does 80% of it's trade in Asia. EWS should only react to strong changes in the U.S. market. Not only does it fluctuate with the DJIA, it doesn't shift AH during the Asian business day. So it acts more like 2x DJIA etf than a separate fund. Can anyone explain this to me?
You have been listening too much to the "experts" that spout that interational stocks don't strongly correlate with US stocks. That is a bunch of hooey. It may have been truer many years ago before the planet has become more interconnected. The biggest difference is that the beta is higher. International will do better in good markets and worse in bad markets.