|Day's Range||57.75 - 58.22|
|52 Week Range||46.65 - 62.30|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.64%|
The iShares MSCI Emerging Markets exchange-traded fund (EEM) has slipped 1.3% this week including a fractional slide today, while the Vanguard FTSE Emerging Markest ETF (VWO) is down 0.9%. The MSCI indexes ...
Investors have been oversold on the new South African mining charter unveiled Thursday because it gives more black Africans a stake in profits and leadership, but won't boost economic growth, Nomura says. Shares of South African miner AngloGold Ashanti (AU) were down 1.4% this morning, while shares of Sibanye Gold (SBGL) were up fractionally. This week, AngloGold shares have stumbled 12%, while Sibanye shares are down 7%.
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.