Jon Vialoux iShares MSCI Emerging Market Union E.T.F. EZU-N WAIT Jan 03, 2014

Basically tracks European stocks which tend to follow the same seasonality as the rest of the developed world, but you get greater seasonal fluctuation. When the market is positive here, this can be significantly more positive and when it is more volatile here, this will be even more volatile. Even though January is a positive month, it can be volatile, particularly surrounding earnings. This tends to see a bit of weakness in January and February. There hasn’t been too much strength in this one, even during the period of seasonal strength. The next period of seasonal strength comes up in March and April.