ASIA / AUSTRALIA
In China, Eric Bolling says iShares FTSE/Xinhua China 25 Index (FXI) tracks the 25 biggest Chinese ADR’s in the US and he believes it’s the best way to get in and out of China on a big picture basis. Eric also likes PowerShares Intl. Dividend Achiev (PID)
Guy Adami likes iShares MSCI Taiwan Index (EWT) as a growing technology play in part, because the company manufacturing the iPhone is based in Taiwan and is the second largest holding in this fund.
Jeff Macke likes iShares MSCI Australia Index Fund (EWA) and iShares MSCI Japan Index (EWJ) for the liquidity and he recommends staying long in EWJ.
Dylan Ratigan reminds the panel that investors interested in Singapore can play the iShares MSCI Singapore Index Fund (EWS).
Turning attention to Europe, Pete Najairan says he loves iShares MSCI Germany Index Fund (EWG) in part because of Daimler’s new diesel technology.
And in the Latin markets, Eric Bolling likes iShares MSCI Mexico Index (EWW) and iShares S&P Latin America 40 Index (ILF) which he says are two great ways to play the space.
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Trader disclosure: On June 5th 2007, the day this show was taped, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Macke Owns (DIS); Najarian Owns (DNDN), (ERIC), (HLT), (JNPR (CBH), (IMMR); Najarian Closed Out Of (BIDU) Today; Bolling Owns (DIS), (T), (XOM), Natural Gas, Corn; Najarian Owned (HOT) On 6/4/07