41.85 +0.08 (0.19%)
After hours: 6:21PM EDT
|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||41.75 - 42.11|
|52 Week Range||41.13 - 52.08|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.69%|
Emerging markets have been ravaged by the bears. Among the hardest hit, Turkey's TUR ETF TUR has tanked 50 percent this year, China's FXI ETF FXI has tumbled 12 percent and Indonesia's EIDO ETF EIDO has plummeted 21 percent. The EEM emerging markets EEM ETF tipped into a bear market on Wednesday after falling more than 20 percent from its 52-week high set in January.
Stock indexes pared losses Wednesday after the day's broad losses left the market looking to a key indicator for signs on its future direction.
It appears the United States and emerging markets are playing an interest rate game of "follow the leader," as central banks around the globe are feeling the ripple effects of the U.S. being in pole position with regard to monetary policy. From a case-in-point perspective, the iShares MSCI Emerging Markets ETF (EEM) has been going the opposite direction compared to interest rates in the U.S. Since March, EEM has relatively traded below its 50-day moving average. Raghuram Rajan, a former governor of the Reserve Bank of India, is all too familiar with the ripple effects rates are having on emerging markets.
At a time when the major indexes in the United States capital markets are nearing record levels, Turkey's economic crisis and its contagion returned with the Dow Jones Industrial Average dropping over 200 points. The turkey contagion continues to infect the markets, evoking a risk-off sentiment for investors domestically and internationally. With Turkey caught in the middle of an economic hurricane, Turkish bonds have rocketed past the 20% yield level.
BAML (Bank of America Merrill Lynch) conducted a survey that polled 243 global investors with $735 billion in total assets under management from August 3 to 9.
Emerging markets and banks are among the biggest casualties in the recent decline of the Turkish lira, but there will be some winners in the economic crisis as well.
The widely followed MSCI Emerging Markets Index tumbled again Monday amid ongoing turmoil in Turkey. The Turkish lira hit another record low against the dollar. In an effort to prop up the currency, the ...
Technically speaking, the bull trend for U.S. stocks has absorbed a respectable mid-August downturn — at least so far, writes Michael Ashbaugh.
Chad Morgenlander, Washington Crossing Advisors co-founder, and Lisa Erickson, U.S. Bank Wealth Management SVP, discuss how worried investors should be as the emerging markets trade lower amid the Turkish financial crisis.