|Day's Range||14.53 - 14.62|
|52 Week Range||12.50 - 15.37|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.63%|
Emerging Markets Vietnam has one of Asia’s fastest-growing middle classes, and foreign companies are pouring in to tap a workforce whose wages are much lower than those earned by workers in China. Samsung Electronics makes a significant number of its mobile phones in Vietnam and is the country’s biggest exporter. Microsoft (MSFT) has shifted production to Vietnam.
Manufacturing activity in Malaysia fell to a record low in June 2017, primarily due to a drop in both output and new orders.
Goldman Sachs in a note today says that it is not yet time to change tack on emerging market currencies, given the economic growth still possible. As the dollar and other developed-market currencies shift with central bank policy, Goldman analysts Kamakshya Trivedi and Zach Pandl note four realities: Goldman thinks there is room for ‘good carry’ in select countries. Analysts move their dollar to Mexican peso (MXN) forecast stronger to 17 in 12 months (the peso has recovered from its weakness following the U.S. election, and one dollar equals 17.98 pesos).