|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||43.28 - 43.52|
|52 Week Range||30.99 - 44.08|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.73%|
This week, China played host to another annual BRICS summit of countries, but the idea that these disparate emerging markets have much in common is absurd, David Riedel says. The acronym, standing for Brazil, Russia, India, China and South Africa, was coined -- minus South Africa -- by former Goldman Sachs chief economist Jim O'Neill, in 2001. There are now exchange-traded funds that track these major emerging countries' growth stories, including the iShares MSCI BRIC ETF (BKF), which is up more than 32% this year, beating the iShares MSCI Emerging Markets ETF (EEM), which is up nearly 31%.
The emerging markets are personifying key investing rules of Paul Tudor Jones. “I’ve seen too many things go to zero, stocks and commodities, Tudor Jones said during a panel discussion at the University of Virginia. You play defense, and you get out.’” Jones’ comments are helpful for investors debating if they should tilt their portfolios toward the emerging markets.
The iShares MSCI Emerging Markets exchange-traded fund (EEM) was up 0.5% in early trading as markets await U.S. oil inventory data. The iShares MSCI China Large-Cap ETF (FXI) jumped 1.8% as the United ...