|Bid||0.00 x 1800|
|Ask||0.00 x 1400|
|Day's Range||44.34 - 44.74|
|52 Week Range||40.92 - 52.08|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.69%|
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%.
A slide in emerging market stocks led by Brazil apparently is giving a lift to the Treasury market Thursday. The iShares MSCI Brazil exchange-traded fund (EWZ) has been slammed for over 5% late in the session on the double whammy of sharp drops in the Bovespa and the real. The drop helped drag down the iShares MSCI Emerging Markets (EEM) by 1.4%.
Italy’s growing political crisis spread to financial markets, prompting a backlash from investors funding its highly indebted economy.
Ericsson (ERIC) views India (INDA) as an important market that can drive revenue growth. Internet penetration in the country is lower than emerging markets (EEM), including China and Southeast Asia. However, 5G technology is expected to benefit individuals and companies in the country.
The bloom appears to have come off the emerging markets rose. Higher U.S. interest rates, a stronger dollar, rising oil prices, and trade tensions are creating a "stress test" for emerging markets. Foreign investors pulled out an estimated net $12.3 billion in emerging markets in May, according to the Institute of International Finance, with money coming out about evenly between debt and equity markets.
This cuts year-to-date portfolio flows to the asset class to around $46 billion, well below the $134 billion of inflows during the same period in 2017.
In a landmark move, index provider MSCI on Friday included more than 230 Chinese stocks, known as A-shares, in its emerging market indexes. A-shares are the stocks of Chinese companies incorporated on the mainland, quoted in renminbi, and listed in Shanghai and Shenzhen. The move should bring billions of dollars into the Chinese stock market as passive, index-tracking money managers and active fund managers competing against benchmark indexes readjust their holdings.
The stocks of some of China's biggest companies are set to join a key global index by the close Thursday, giving ordinary U.S. investors greater access to investing in China.
The man who moves markets, JPMorgan's Marko Kolanovic, gives his market prediction for the summer. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, David Seaburg and Guy Adami.