The longer the fiscal cliff remains unsolved, odds increase that the full $600 billion in government spending cuts will be seen, draining the U.S. economy in the process. That is the case because this ETF's bullish performance in recent weeks is tied solely to expectations that new Japanese Prime Minister Shinzo Abe will be successful at forcing the Bank of Japan to engineer at least two percent inflation and unlimited, yen-weakening monetary easing. The iShares MSCI Emerging Markets Minimum Volatility Index Fund was even better as that ETF found a way to close modestly higher on the week.