If you want proof that investors are flocking to emerging market exchange traded funds (ETFs), the pudding is in the assets.
iShares MSCI Emerging Markets Index (NYSEArca: EEM) reached one billion shares outstanding and is the first iShares fund to reach that milestone during their 10-year history. The ETF has grown almost 20% in the past year with current assets under management of $44 billion and average daily trading volume of $2.8 billion. [The Growing Case For International ETFs.]
Assets for EEM’s competitor, Vanguard MSCI Emerging Markets (NYSEArca: VWO), have surged as well. VWO currently has about $35 billion in assets. Since August 2009, the fund’s assets have surged nearly 200%. [Why Emerging Markets ETFs Are Raking It In.]
Tisha Guerrero contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.