|Bid||115.49 x 7500|
|Ask||115.50 x 100|
|Day's Range||115.45 - 115.58|
|52 Week Range||107.74 - 118.14|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
Even though the U.S. Federal Reserve is raising interest rates, the appeal of emerging markets bonds has not waned for 20 weeks. The similar appeal of equity funds has fueled 14 weeks of inflows, according ...
Beaten-down emerging markets have had a very good year, and the 'worm turned' some more last week when the U.S. Federal Reserve raised interest rates and pointing to less quantitative easing this year. The phrase came to Jan Dehn, global head of research at Ashmore, after the Fed hike last week. By committing the Fed to scaling back bond purchases starting as early as this year, Fed Chairwoman Janet Yellen effectively tied the hands of her successor.
Goldman Sachs is cautious about the near-term outlook for the U.S. dollar in light of inflation, and likes a handful of emerging market currencies. Zach Pandl and Kamakshya Trivedi at Goldman wrote the following ahead of the U.S. Federal Reserve open market committee interest rate increase Wednesday: " ... The bottom line on our constructive view on EM FX hasn’t really changed. As we argued last month, as an asset class EM FX is still modestly undervalued on our preferred valuation metrics, and in addition it continues to offer generous real carry (as declining inflation in many high yielders outpaces nominal rate cuts), and optionality to the ongoing upswing in EM growth.