Why does EWS fluctuate with DJIA?
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?