EFA rallies to a new all-time high while EEM marks a 52-week high.
As mentioned in yesterday's Daily Equity Report, the week kicked off with International Equities overtaking Commodities for second within the DALI Asset Class Rankings. Though the top three asset classes – Domestic Equities, International Equities, and Commodities – are all now separated by just two tally signals and signaling a potential emergence of a new leader on the horizon, International Equities have been the most improved asset class within DALI for much of 2025. While relative improvement has been steady, funds within the space have rallied to either all-time or 52-week chart highs within the past month or so.
The iShares MSCI EAFE ETF (EFA) rallied above $90 to improve on its recent all-time chart high during Monday’s trading (6/9), while the iShares MSCI Emerging Markets ETF (EEM) matched the October rally high from last year during Monday’s trading only to move above $47.50 and mark a new 52-week chart high during Tuesday’s intraday trading. Given the chart highs for both EFA and EEM this week, the tables below list country-specific ETFs that currently trade at either all-time or 52-week chart highs as of Monday’s close. Bear in mind these lists are country specific and primarily based on funds ranked within the NDW World ETF Matrix; regional, factor-related, or broader based international funds were not considered.
Among those countries shown within the all-time chart highs list that currently trade within an actionable price range are Switzerland (EWL), France (EWQ), and Japan (EWJ). Similar to EFA and EEM above, the remaining country funds - and those to reach all-time chart highs within the past few trading days - reside in overbought territory on their weekly distribution readings along with being extended on their trend charts. Those seeking exposure to country funds like Germany (EWG), for example, would be better served looking for price consolidation at current chart levels or a pullback toward the middle of the 10-week trading band before adding to portfolios. While the fund didn’t make the current list of country ETFs trading at all-time chart highs, the Global X MSCI Argentina ETF (ARGT) deserves a shoutout after reaching highs in mid-May and pulling back to the middle of the 10-week trading band through early June.
Among the 14 ETFs listed below that currently trade at 52-week chart highs, the Global X MSCI Greece ETF (GREK) and iShares MSCI Peru and Global Exposure ETF (EPU) are nearest to their all-time chart highs. Spain (EWP), Italy (EWI), Belgium (EWK), Singapore (EWS), United Kingdom (EWU), and Austria (EWO) also deserve shoutouts for trading at multi-year highs. Somewhat like Argentina above, the iShares MSCI Poland ETF (EPOL) rallied to a 52-week high during May before pulling back during the first part of June.
Examination of many of the point and figure charts for the country ETFs may be reveal extended positioning and/or a weekly overbought reading above actionable territory (Weekly OBOS > 70%) by NDW standards. Either consolidation at current price/chart levels, helping develop support closer to current trading, or a pullback toward the middle of the 10-week trading band would offer opportunity for those seeking to add international or country specific exposure.
