|Bid||58.45 x 25300|
|Ask||0.00 x 0|
|Day's Range||60.24 - 60.75|
|52 Week Range||48.11 - 63.45|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.64%|
Key U.S. stock indexes were narrowly mixed as the Dow led, thanks to big gains by UnitedHealth and Johnson & Johnson.
Key U.S. index funds climbed Monday as Apple and JPMorgan led the Dow Jones industrial average to a new record high.
News from Thailand, Turkey and Mexico sent funds higher this week, though it wasn't all good news. Brown Brothers Harriman currency strategists provide the following important news and a currency performance ...
The widely followed MSCI Emerging Markets Index is up more than 29% year-to-date and plenty of single-country emerging markets ETFs are performing as well if not better than the developing world benchmark. ...
Shares of South Africa's Sibanye Gold (SBGL) slumped more than 8% in U.S. trading Tuesday after the mining company said it would sell convertible bonds that will dilute existing shareholder's equity. The iShares MSCI South Africa exchange-traded fund (EWZ) was up 0.3% in recent trading. Sibanye-Stillwater issued a press release on the deal, but it is not available to readers in Australia, Canada, Japan, South Africa or the United States, according to the Sibanye website.
Emerging markets have generated some of the strongest 2017 returns among equity markets. Can the rally continue? At UBS Wealth Management, strategist Soledad Lopez and analysts Michael Bolliger and Lucy ...
South Africa's new mining charter, designed to give black communities more rights in ownership, employment and redistribution of revenues, has been shelved until December, sending shares of mining companies ...
It was a rough week for emerging markets equities, with fear that North Korea could drop a missile on Guam or some other target sending the iShares MSCI Emerging Markets exchange-traded fund (EEM) down ...
Credit ratings agency S&P Global raised its long- and short-term national scale ratings on South Africa to zaAAA/zaA-1+ from zaAA-/zaA-1 late Friday. It explains: "Today's rating action resulted from a recalibration of the South Africa national scale mapping table, and does not reflect any change in the fundamental credit quality of South Africa or of the sovereign's outstanding debt. The purpose is to provide a rank-ordering of credit risk within the country." Moody's Investors Services, which had a ratings decision on South Africa scheduled for Friday, was silent, giving South Africa a reprieve after a vote of no confidence in President Jacob Zuma failed earlier this week.
With South African President Jacob Zuma surviving a vote of no confidence today, three things are likely, according to Eurasia Group: he won't get impeached, he won't get convicted of corruption or other crimes, and his African National Congress party will lose 2019 elections. The economy is likely to continue to suffer through the ensuing political tumult, and investors are likely to be cautious, writes Darias Jonker, the Africa specialist at Eurasia Group. The groundswell of opposition to Zuma amongst ordinary ANC members and the broader public will continue to grow but his opponents in the party only have a 45% probability of removing him in December.
South African President Jacob Zuma survived a vote of no-confidence that would have forced his resignation. The iShares MSCI South Africa exchange-traded fund (EZA) was down 1.4% in recent trading, and ...
The iShares MSCI Emerging Markets exchange-traded fund (EEM) was up 0.3% in early trading, despite headlines in some of the most troubled developing economies. Some headlines we're reading today: UPDATED: ...
The South African rand has ramped up against the dollar so far this week, with traders turning more bullish on the currency due to a key vote slated for Tuesday.
The South African rand is a key emerging market currency to watch this week after a 3% drop last week. The currency's performance was the worst among emerging market currencies in the week that was. Brown ...
The iShares MSCI Emerging Markets exchange-traded fund (EEM) was up 0.9% in afternoon trading to yet another 52-week high as it absorbed the U.S. Federal Reserve's announcement Wednesday that it will start shrinking its balance sheet "relatively soon" rather than "this year." The Federal Open Market Committee left unchanged the interest rate target for the Fed funds at 1% to 1.25%. In reaction, the dollar weakened and currencies in some of the most risky or sensitive emerging market economies rallied on the news. MFR Chief U.S. Economist Joshua Shapiro observes: "The descriptive paragraph of the policy statement was tweaked to read slightly more bullishly on growth, but at the same time acknowledging the shortfall of inflation vis-à-vis the Fed’s target, and the phrase “monitoring inflation developments closely” was unsurprisingly retained.