24.89 0.00 (0.00%)
Pre-Market: 8:31AM EST
|Bid||22.30 x 2900|
|Ask||26.00 x 1400|
|Day's Range||24.55 - 25.00|
|52 Week Range||22.82 - 31.08|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.10|
|Expense Ratio (net)||0.13%|
Progress in U.S.-Sino trade talks and hiking of benchmark rates by two Asian central banks put emerging market ETFs in focus.
Value investors who are looking for a deal should look to international ETFs as global stocks are now trading at their lowest valuations in over two years. Major indices in Europe, Japan, Shanghai, Hong Kong, Argentina and Canada are all trading in correction territory, or off at least 10% from a recent high, while the U.S. is testing that precipice of after a selloff last week wiped out all of the S&P 500 and Dow Jones Industrial Average’s gains for the year, the Wall Street Journal reports. The selling and pessimism have also pushed the forward price-to-earnings ratio of the MSCI All Country World Index, which follows 23 developed and 24 emerging markets, to around 18, its lowest level since early 2016.
MSCI emerging market index slips for the fourth straight week post Fed minutes and escalating trade war concerns, putting related ETFs in focus.
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.
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.
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 ...
By Charles Roth, Global Markets Editor The Fed chairman makes clear the bar for slowing monetary tightening is higher nowadays, and argues emerging markets are much better positioned to handle higher U.S. yields than they were before. After two ...
CNBC's Mike Santoli highlights an ETF that is down over 50 percent year to date as the Turkish lira tumbles and ETFs tracking other emerging markets that are also feeling the impact.