39.20 0.00 (0.00%)
Pre-Market: 8:30AM EST
|Bid||38.55 x 1300|
|Ask||38.83 x 3100|
|Day's Range||39.10 - 39.41|
|52 Week Range||36.35 - 50.99|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.10|
|Expense Ratio (net)||0.14%|
The widely followed MSCI Emerging Markets Index entered Wednesday with a year-to-date loss of 15.62%, underscoring investors' reluctance to embrace emerging markets assets this year. Data suggest that for a significant portion of the current quarter, investors have been embracing emerging markets ETFs. In 2018, some investors have remained devoted to exchange traded funds, such as the Vanguard FTSE Emerging Markets ETF (VWO) and the iShares Core MSCI Emerging Markets ETF (IEMG) .
Like other emerging markets exchange traded funds, the Vanguard FTSE Emerging Markets ETF (VWO) is struggling this year. VWO, the largest emerging markets ETF by assets, entered Monday with a year-to-date loss of about 16%, but that is not preventing some investors from remaining devoted to the fund. Emerging markets stocks and the related exchange traded funds have been among the most obvious laggards this year, but recent data points indicate traders are buying some marquee ETFs tracking developing economies.
U.S. equities began the week with more volatility reigning as the Dow Jones Industrial Average fell over 400 points to start Monday's trading session, but as investors become accustomed to this new normal, ETF Trends Publisher Tom Lydon is keen to notice one particular trend--the continuous flow of capital into emerging markets. The capital markets got a reprieve from the ongoing trade wars between the United States and China as U.S. President Donald Trump and Chinese president Xi Jinping agreed to cease fire on their tariff-for-tariff battle last week. As part of the agreement, both nations agreed to withhold imposing further tariffs on each other for 90 days while they work out a firm, ironclad deal to start 2019. Despite more global news, such as a delayed Brexit vote in Parliament, bringing down U.S. equities, emerging markets investors remain unfazed during Monday's session.
Emerging markets got bolstered on Monday as U.S. President Donald Trump and Chinese president Xi Jinping ceased fire on their tariff-for-tariff battle, agreeing to a 90-day truce to ameliorate their differences on trade. Emerging markets, in particular, have felt the pangs of the trade wars between the U.S and China, causing a negative ripple effect into EM ETFs, such as the Vanguard FTSE Emerging Markets ETF (VWO) --down 15.89% YTD, iShares Core MSCI Emerging Markets ETF (IEMG) --down 16.25% YTD and iShares MSCI Emerging Markets ETF (EEM) --down 16.34% YTD. On Monday, VWO climbed 2%, IEMG rose 2.2%, EEM ticked 2.03% higher, and as such, Direxion Daily MSCI Emerging Markets Bull 3x Shares (EDC) joined the party with a gain of 6.46% as of 2:00 p.m. ET.
The capital markets got a reprieve from the ongoing trade wars between the United States and China as U.S. President Donald Trump and Chinese president Xi Jinping agreed to cease fire on their tariff-for-tariff battle, causing the Dow Jones Industrial Average to climb over 300 points on Monday. The two leaders met at the G-20 Summit in Buenos Aires, putting global markets on pause as the two economic superpowers met to hopefully ameliorate their trade differences. "The explicit delay in tariffs is on the positive end of expectations," said Helen Qiao, China and Asia economist with Bank of America Lynch.
You might think there's no such thing as large draw-downs given the extended bull market throughout much of 2018, but as for emerging markets investors, they believe. Emerging markets have been marred by the trade wars between the U.S and China, causing a negative ripple effect into emerging market ETFs, such as the Vanguard FTSE Emerging Markets ETF (VWO) --down 15.89% YTD, iShares Core MSCI Emerging Markets ETF (IEMG) --down 16.25% YTD and iShares MSCI Emerging Markets ETF (EEM) --down 16.34% YTD.
Emerging markets stocks and the related exchange traded funds have been among the most obvious laggards this year, but recent data points indicate traders are buying some marquee ETFs tracking developing ...
While world markets stumbled this year, investors have been betting on a rebound in the developing economies, funneling billions of dollars into emerging market-related ETFs. U.S.-listed ETFs that track ...
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The emerging markets have been pummeled this year, but ETF investors may find a growth opportunity among the developing economies as their markets recover. Investment bank Goldman Sachs expected emerging ...
Progress in U.S.-Sino trade talks and hiking of benchmark rates by two Asian central banks put emerging market ETFs in focus.
Call it investor shrewdness or overexuberant hope, but capital allocators into emerging markets won't budge, according to ETF Trends Publisher Tom Lydon on CNBC's Closing Bell on Friday, who has seen continued flows into the EM space--a sign that EM investors are doubling down on the notion that a U.S.-China trade deal will materialize. While the majority of investors might be driven away by the red prices in emerging markets, Lydon believes they should be looked at as substantial markdowns, especially if trade negotiations between the U.S. and China result into something materially positive--that's what emerging markets bettors are essentially banking on. "The thing that's the most surprising regarding flows is money still coming into emerging markets ETFs," said Lydon.
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.