|Bid||43.880 x 46000|
|Ask||43.890 x 1100|
|Day's Range||43.560 - 43.905|
|52 Week Range||42.150 - 52.080|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.69%|
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
Seeking investments that are fairly valued today is like looking for a needle in a haystack. After a 10-year bull market, there are slim pickings in this frothy market. It reminds me of 1998, when I was looking for value stocks during the dot com boom.
Debt around the globe rose to its highest level ever in the first quarter, rising at a pace analysts called "cause for concern."
It's no question that emerging markets ETFs have taken their fair share of punishment this year with the trade disputes between the United States, China and European Union inflicting the majority of the damage, but they got a reprieve today. The MSCI Emerging Markets Index was up 0.53 percent today, while three of the biggest Emerging Markets ETFs according to total assets also responded in the green-- Vanguard FTSE Emerging Markets ETF (VWO) was up 1.62 percent, iShares Core MSCI Emerging Markets ETF (IEMG) was up 1.45 percent and iShares MSCI Emerging Markets ETF (EEM) was up 1.50 percent. A welcome sign to emerging markets ETF investors who have seen all three of these ETFs getting downward pressure year-to-date.
The yuan tumbled overnight amid trade tensions with the US, before China’s central bank intervened to calm jittery investors. Win Thin, global head of emerging-markets currency strategy, BBH said the recent weakness had sparked a lot of attention, but the drop reflects a general weakness in the emerging markets currencies. After being one of the outperforming currencies for most of the year, the yuan has become one of the worst performing currencies in the Asian markets.
It was the first time the asset class has shown outflows for two straight months in debt and equities since the great financial crisis in 2008.
Mark Mobius says it’s time to be looking at emerging market valuations, noting that some of the currencies are looking “very, very cheap.”
The Mexican peso fell sharply Monday after leftist candidate Andrés Manuel López Obrador won the country’s presidency in landslide victory, ending several decades of center-right rule. The peso’s about-face also reflects concerns about trade tensions between the U.S. and Mexico, and the future of the North American Free Trade Agreement, which is being renegotiated.
Prominent market technician Ralph Acampora is getting a little skittish about recent moves in the stock market, notably in the Dow Jones Industrial Average.
VAN ECK: I think about equity and debt very differently. On the debt side, especially now there’s some pressure on EM debt, what we’ve basically said is if interest rates are going up, you want some kind of credit risk, either high yield or EM. Cash flow growth is good.
BlackRock, Inc. ( BLK) was able to supplant Vanguard in terms of assets flowing into U.S. mutual funds and exchange-traded funds (ETFs) for the month of May, marking the second month in a row that BlackRock has exceeded the inflows of its rival. According to data from Morningstar, May asset flows to passive U.S. equity mutual funds and ETFs were $29.1 billion compared with $18.2 billion in April. Meanwhile, Morningstar said that actively managed funds in the U.S. pulled in $8.4 billion in May compared with $11.4 billion in April.
It's been a dark quarter for the emerging market currencies. Every one of them—from Argentina’s peso to Russia’s ruble to the South Korean won—have plunged against the US dollar, unnerving investors amid geopolitical volatility and rising interest rates. The Indian rupee hit an all-time low today, driven by concerns of rising oil prices, and has dropped 5.3% during the quarter.
The inclusion of Chinese A-Shares into the MSCI Emerging Markets Index at the beginning of June was intended to introduce Chinese companies with attractive valuations into the marketplace, but its impact has been lost in the crossfire of trade concerns with the United States. In the beginning of June, 234 Chinese companies were introduced into the MSCI Emerging Index, which would include A-shares--a mix of Chinese companies with a penchant for strong earnings per share growth potential. Analysts debated the impact this would have, but most would agree that it would introduce diversification into the emerging markets and investor ingress into this once hard-to-access marketplace would be easier.
Emerging markets are getting walloped by a surge in crude-oil prices, amplifying a downturn sparked by a rise in the U.S. dollar.
In the paragraphs below, we'll take a look at several charts suggesting that the emerging markets are in the early days of a major downtrend and that lower prices could be a consistent theme over the coming weeks or months. Retail investors who seek exposure to emerging markets commonly turn to exchange-traded products such as the iShares MSCI Emerging Markets ETF ( EEM).
Veronique de Rugy, Mercatus Center, and Beth Baltzan, American Phoenix, discuss trade and the impact tariffs are likely to have on the US & Chinese economies.
International investors have jettisoned their holdings of emerging market stocks and bonds of late but some analysts and money managers are betting that EM could be poised for a comeback. Yahoo Finance’s Seana Smith, Dion Rabouin and Rick Newman discuss.
Jun.29 -- Alexium Opportunities Fund's Alexander Connor discusses emerging markets and his options strategy with Bloomberg's Julie Hyman on "Bloomberg Markets."