|Bid||0.00 x 38800|
|Ask||0.00 x 1400|
|Day's Range||37.96 - 38.49|
|52 Week Range||37.36 - 50.99|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.09|
|Expense Ratio (net)||0.14%|
Last week's sell-off in U.S. equities is spilling over into the emerging markets space, leaving investors to wonder when the strategy for value-hunting in EM turns into outright avoidance. One ETF that has been benefitting from EM's unceremonious fall from its rise in 2017 is the Direxion Daily MSCI Emerging Markets Bear 3X ETF (EDZ) . EDZ seeks daily investment results that equal 300% of the inverse of the daily performance of the MSCI Emerging Markets IndexSM. The index is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalizations securities across the 24 emerging market countries.
Emerging markets have been turned inside out this year after a spectacular run in 2017, but before an investor looks to dive into the deeply-discounted EM space after Wednesday’s 800-point drop in the Dow Jones Industrial Average, he or she must be still selective and exercise due diligence. Simply selecting a country-specific ETF in emerging markets without the proper research could be akin to catching a falling knife and as such, investors must use caution. While it may be enticing to see the red and buy into the dip, instabilities in certain countries’ financial systems could still leave these markets depressed, and as such, investors should shy away from these parts of the world.
The International Monetary Fund's director of fiscal affairs Vitor Gasper said that global debt reached a new high in 2017, topping the $182 trillion mark, but also said that India's debt, in particular, is much less than global debt as a percentage of the world's gross domestic product (GDP)--a positive economic sign that could benefit the Direxion Daily MSCI India Bull 3x ETF (INDL) . "So, it is substantially less than the global debt as percentage of world GDP," Gasper said regarding India's debt, which is below the average of developed and emerging market economies.
In the meantime, trade wars have been racking international and emerging market funds, but one in particular, the EquBot AI Powered International Equity ETF (AIIQ) , produced a strong third quarter performance using a proprietary, quantitative model driven by artificial intelligence. Launched in June 2018, AIIQ is the first international-focused ETF that has successfully used AI to construct an international equity portfolio. While its developed market-focused fund peers experienced mixed results due to a choppy international market during Q3, AIIQ was able to buck the trend and deliver a return in excess of 3.4%, which bested its benchmark index--the MSCI ACWI ex-USA Index and the Vanguard FTSE Developed Markets ETF (VEA) .
While emerging markets have been roiled by ongoing trade wars this year, they've only been exacerbated by surging U.S. Treasury yields as of late with the benchmark yields rising beyond the 3% level, taking investor attention away from equities and bonds from abroad. EDZ seeks daily investment results that equal 300% of the inverse of the daily performance of the MSCI Emerging Markets IndexSM. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that provide inverse or short leveraged exposure to the index, which is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalizations securities across the 24 emerging market countries.
While emerging markets have been roiled by ongoing trade wars this year, there are still opportunities abound for investors seeking value and one of those areas is within emerging markets debt through the VanEck Vectors EM High Yield Bond ETF (HYEM) . The rough year in emerging market is evident in ETFs, such as the Vanguard FTSE Emerging Markets ETF (VWO) --down 7.67% YTD, iShares Core MSCI Emerging Markets ETF (IEMG) --down 7.3% YTD and iShares MSCI Emerging Markets ETF (EEM) --down 7.78% YTD.
The U.S. stock market has been the default go-to investor play as the bull market enters into the latter stages of its market cycle, while emerging markets have been roiled by ongoing trade wars, especially between the United States and China. As such, one ETF to watch is the Nationwide Maximum Diversification Emerging Markets Core Equity ETF (NYSEArca: MDXE) . MDXE specifically seeks to replicate the investment performance of the TOBAM Maximum Diversification® Emerging Markets Index. From a chart perspective, the index is indicative of the rise in emerging markets in 2017 followed by its subsequent correction thus far this year.
The FTSE Emerging Markets ETF (NYSEArca: VWO), the largest emerging markets exchange traded fund by assets, is down more than 10% year-to-date. Plenty of other emerging markets ETFs are sporting comparable ...
The performance of emerging markets exchanged-traded funds (ETFs) have been marred by the trade wars between the U.S and China, such as the Vanguard FTSE Emerging Markets ETF (VWO) --down 7.67% YTD, iShares Core MSCI Emerging Markets ETF (IEMG) --down 7.3% YTD and iShares MSCI Emerging Markets ETF (EEM) --down 7.78% YTD. “There are huge opportunities for fixed income in all global regions at the moment, particularly in Asia,” said Michael Paulus, Managing Director at OpenDoor Securities.
Over the past several months, there has been one primary story in the global stock market: the U.S. has done very well, with major indexes rallying to records, while the rest of the world has done very badly, with some major economies entering bear markets.
FTSE Russell, one of the largest providers of indexes for use by issuers of ETFs, is the latest benchmark provider to elevate China A-shares to emerging markets status. “FTSE Russell, the global index, data and analytics provider, has confirmed that the China A Shares market will be promoted to Secondary Emerging market status following the September 2018 annual country classification review,” said the company.
A revamped communications sector within the S&P 500 made its debut on Monday, following the largest overhaul of Wall Street’s broad business sectors. Emerging markets continued to trend due to mounting trade tensions between the U.S. and China as well as shadow-banking debt woes in India. On the commodities side, U.S. natural gas prices spiked to nine-month highs despite Hurricane Florence. Aerospace and defense stocks trended thanks to an impending boost in spending for various defense programs by the Trump administration, while financial equities closed the list. Check out our previous trends edition at Trending: Emerging Markets Deeper Into Bear Territory After Trump’s Remarks on Tariffs.
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 7.67% YTD, iShares Core MSCI Emerging Markets ETF (IEMG) --down 7.3% YTD and iShares MSCI Emerging Markets ETF (EEM) --down 7.78% YTD. "It's all been about trade wars," said ETF Trends Publisher Tom Lydon said during "Countdown to the Closing Bell" on Fox Business Network on Friday. While the majority of investors might be driven away by the red prices in emerging markets, they should be looked at as being substantial markdowns, espcially if trade negotiations between the U.S. and China result into something materially positive.
The developing markets have been whipsawed by a mix of a strong dollar, rising interest rates and trade concerns. The Vanguard FTSE Emerging Markets ETF (VWO) fell 9.3%, iShares Core MSCI Emerging Markets ETF (IEMG) dropped 8.9% and JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) declined 6.1% so far this year. J.P. Morgan's Nicolas Aguzin argued that if you're a long-term, strategic investor, it's worth looking at emerging market returns, pointing to positive fundamentals but adding that valuations could still fall further due to market sentiment and the perception of trouble, CNBC reports.
U.S. equities and related ETFs have outperformed international markets, and the disparity may only continue to widen. “The yawning gap between US and international equity performance persists unabated,” ...
Emerging-market stocks have been one of the most volatile asset categories of 2018, suffering major losses as investors grapple with severe headwinds.
The Nasdaq Composite shed 1.43% at Monday's closing bell, thanks to investors fretting over the additional tariffs U.S. President Donald Trump is set to impose on $200 billion of Chinese goods. Apple lost 2.7% on potential issues looming as the trade war escalation between the U.S. and China could negatively impact computer parts. While the trade wars continue to move and shake the U.S. capital markets, it hasn't deterred investors from deploying capital into exchange-traded funds (ETFs)--$167.9 billion worth of inflows.
Emerging markets stocks and emerging markets ETFs, such as the Vanguard FTSE Emerging Markets Index ETF (NYSEArca: VWO), are being crimped by the resurgent dollar and that scenario may not abate anytime ...
Among the emerging market (VEU) currencies, the Argentinian peso, Turkish (TUR) lira, Indonesia rupiah, and Indian rupee are declining to all-time lows. The US dollar is also strengthening against all major currencies, including those of emerging markets. As the US dollar strengthens and interest rates rise, the cost of servicing US debt for other countries goes up.
The capital markets possibly got an early smoke signal that the current bull run in U.S. equities might be stopping for air as the latest consumer price index numbers showed inflation rose at a slower pace than expected. During this bull run that has seen a heavy emphasis on growth-oriented plays, U.S. equities have been the default maneuver, but that may change with a steady shift to value, which could benefit China and emerging markets. While the stock market has been largely tepid this week, the major indexes returned to their upward trajectory as the Dow, Nasdaq Composite and S&P 500 all saw gains in today's trading session, helped, in part, by renewed trade talks between the U.S. and China.