|Bid||0.00 x 1200|
|Ask||0.00 x 900|
|Day's Range||43.77 - 44.12|
|52 Week Range||40.92 - 52.08|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.69%|
Winning: Argentinian president Mauricio Macri faced a huge backlash at home for bringing back the much-maligned IMF to his country. Wall Street kinda loves him for it. The Argentine peso is basically falling apart and on the cusp of hitting 30 pesos to the dollar.
An emerging market ETF was the least popular play over the past week experiencing $3.7 billion in outflows as trade war fears escalate, the U.S. dollar strengthens and investors continue to dump riskier assets. The iShares MSCI Emerging Markets ETF (EEM) , one of the largest exchange traded funds dedicated to equities in developing economies, experienced $3.7 billion in net outflows over the past week, according to XTF data. According to FactSet data, the emerging market stock ETF category has seen $5.39 billion in outflows over the past month, the most of any type of fund category.
The iShares MSCI Emerging Markets ETF (EEM) , one of the largest exchange traded funds dedicated to equities in developing economies, is off nearly 6% over just the past month and some traders are betting the benchmark emerging markets fund could see more downside. Emerging markets equities still trade at a discounts relative to U.S. benchmarks, but the utility of the quality factor in the developing world cannot be understated. Historically, when emerging markets stocks decline, it is lower quality names driving those declines.
Emerging-market equities, one of the top-performing segments of the global economy in 2017, have undergone a dramatic reversal thus far this year, tumbling amid the twin headwinds of a stronger U.S. dollar and ongoing trade uncertainty between the U.S. and China.
Let’s take a look at how to game a rebound in the iShares MSCI Emerging Markets Indx (ETF) (NYSEARCA:EEM). Its weakness stands in stark contrast to the mighty muscle-flexing by U.S. stocks as illustrated by the Russell 2000 Index which tagged yet another new record high yesterday. All told, the EEM ETF is down 15.7% from its January high-water mark.
Emerging markets stocks tumbled on Tuesday as fears of an all-out trade war loomed for investors after President Donald Trump threatened to impose additional tariffs on Chinese goods. The Shanghai Composite Index was down 3.7% to 2,907.82, while Hong Kong’s Hang Seng plunged 2.8% to 29468.15, and Japan’s Nikkei 225 shed 1.7% to 22,278.48. The benchmark indices in Taiwan, India and other Southeast Asian countries also fell.
"If you roll this out over the next year, year and a half, someone’s going to have to blink, and it might have to be the United States."
Investors are yanking money from emerging-market exchange traded funds as rising interest rates in the U.S. weaken emerging-market assets.
The latest news surrounding the escalating trade tensions between the United States and China is not only affecting the markets of these economic superpowers, but another negative byproduct is that emerging markets are also feeling the aftereffects of the tariff battles. This is evident with the MSCI Emerging Markets Index down 1.00% today as more news regarding tariff wars between the U.S. and China continue to dominate the news. Trade tensions between the U.S. and China ensued last Friday after U.S. President Donald Trump introduced a 25 percent tariff on $50 billion of Chinese goods with China countering with a 25 percent tariff on $34 billion of U.S. goods.
U.S. stocks are hurting Monday, but emerging markets continue to bear the brunt of global uncertainty as a new trading week begins. The MSCI Emerging Markets Index looked to trade into the red for a fourth-straight session Monday, June 18, capping a brutal month that's seen the index hand over 2.86%. Outflows from U.S.-listed emerging market funds reached $2.7 billion in the week that ended Friday, June 15, making it the biggest weekly outflow in more than one year, according to Bloomberg data.
A strong dollar is never good for emerging markets. Despite the hemming and hawing over a strong dollar being bad for non-U.S. equities, namely those in the emerging markets, stocks there are only down 1% in the last 3 months compared to 0.13% for the S&P 500. For BNP Paribas, inflows are coming back to emerging markets.
Navigating the waters of emerging markets fixed income can be a murky task for investors looking to expand their portfolios into the international markets, but Head of Fixed Income at VanEck, Fran Rodilosso, puts those fears to rest in an interview on Nasdaq's TradeTalks. Geopolitical concerns, sheer size in comparison to the United States markets and lack of knowledge in emerging market countries might pose as concerns for the neophyte international investor. Moreover, new international investors might question whether it offers the diversification they are looking for to enhance their current investment portfolios. "It's broad, it's diversified--you have sovereign debt options, local currency debt options, corporate bonds from a multitude of more than sixty emerging market countries that have bond issues out there for international investors," said Rodilosso.
According to the latest survey from the American Association of Individual Investors (AAI), the bullish percent rose 5.8 points to 44.8%, the highest reading since the February 15 reading at 48.5%. From the January 2016 low to the January 2018 high, EEM gained 96%.
The connection between Thursday's dovish statement from the European Central Bank (ECB) and Emerging Markets (EM) may seem a little indirect, but the effect the ECB's announcement had on EM currencies was dramatic. The ECB announced that quantitative easing will end this year, but they plan to keep rates extremely low for an extended period.
Tighter global financial conditions and geopolitical unrest have hit emerging market (EM) assets recently. We still favor the asset class and believe that the drawdown presents buying opportunities. However, not all EMs are alike, and with dispersion ...
J.P. Morgan Private Bank's Stephen Parker is highlighting three groups that could outperform as interest rates climb. According to Parker, the Fed's intention to raise rates multiple times in 2018 also bodes well for financials — particularly regional banks.
This is the real-time analysis you can't afford to miss, via TheStreet. Stocks turned slightly green around 3:00 p.m. Investors may like Powell's continued pledge to stay data dependent. Powell thinks inflation will top 2% this summer thanks to rising oil prices.
With the Federal Open Market Committee set to decide on interest rates later today at 2:00pm Eastern Time, a few broad-market ETFs are getting an early boost ahead of the decision. As of 1:00pm Eastern ...
The historic meeting between President Donald Trump and Kim Jong-Un of North Korea gave absolutely no bounce whatsoever to South Korea investors. The MSCI South Korea opened lower on Wednesday, then climbed up a tad from where it started.
Emerging market stocks have sunk into correction territory and may feel further pain as the fundamental backdrop for owning them has gotten sapped.
The financial markets are fickle ahead of U.S. talks with North Korea on Tuesday in Singapore. At noon Eastern on Monday, The Dow Jones Industrial Average was up 0.1% while the S&P 500 is up 0.34% as speculation remains on how well the meeting goes with U.S. President Donald Trump and North Korean leader Kim Jong-un. ETFs concentrated in Southeast Asia are also undecided as iShares China Large-Cap ETF (FXI) is down 0.21%, iShares MSCI Japan ETF (EWJ) is up 0.40% and iShares MSCI South Korea Index Fund ETF (EWY) is up 0.53%.
The turmoil in emerging markets has spread from Turkey and Argentina to wider held markets this week like Brazil, where the central bank intervened to stem the currency's decline, a and in recent days to the Mexican peso and South African rand—two currencies ending the week as the worst performers. The MSCI Emerging Markets Index was last trading at 1149, down 0.49%.