|Bid||25.79 x 900|
|Ask||26.24 x 3100|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||9.55%|
|Beta (3Y Monthly)||1.06|
|Expense Ratio (net)||0.13%|
A version of this article previously appeared in the August 2019 issue of Morningstar ETFInvestor. Publicly traded corporations in these markets are allowed to run their businesses relatively free from direct government intervention. Emerging markets like China and Russia are a different ball game.
The emerging-markets universe is more dynamic than developed markets like the United States. Thus, a low-cost index fund like iShares Core MSCI Emerging Markets ETF IEMG can be a great option. IEMG tracks the MSCI Emerging Markets Investable Market Index, which includes stocks of all sizes from 24 emerging-markets countries.
The increased inclusion of China A-shares, Saudi Arabia's newfound acceptance, and South Korea's dual identity are driving some notable changes to index-tracking emerging-markets funds. China's ascendance in emerging-markets stock indexes over the past decade is indisputable. In March 2009, the country represented 12% of the MSCI Emerging Markets Index.
Emerging markets have been labeled as the "most crowded trade" on the Wall Street for the first time in history. We have highlighted some hottest emerging market ETF trades of this year.
Emerging markets should form "a core part of your portfolio," according to Taimur Hyat, the Chief Operating Officer at PGIM.
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.
Taimur Hyat, Chief Operating Officer at PGIM, says emerging markets like Vietnam and Indonesia have to be a core part of your portfolio. Yahoo Finance’s Alexis Christoforous speaks to him.