While the Dow Jones Industrial Average rising to recovery highs as attracted headlines, emerging markets exchange traded funds (ETFs) have been the big stock gainers on the backs of strong economies since mid-March.
The relatively quick uptick has pushed emerging market ETFs above their 50-day moving average. [Emerging Markets ETF Is A Buy, Goldman Says.]
- iShares MSCI Emerging Markets Index Fund (NYSEArca: EEM)
- Vanguard MSCI Emerging Markets ETF (NYSEArca: VWO)
More notably, countries like Brazil, Indonesia, Thailand and Turkey have been leading the rally.
Brazil. President Barack Obama’s visit to Latin American countries may have proven influential for trade relations. Obama’s Brazil visit managed to highlight the potential for greatly expanded ties. However, Obama stopped short of endorsing a permanent seat for Brazil on the UN Security Council. [Can Obama’s Visit To Latin America Cultivate Growth For ETFs?]
- Market Vectors Brazil Small-Cap (NYSEArca: BRF)
Indonesia. Indonesia has proven that it will adhere to fiscal prudence, economic growth and strengthening social and political institutions.
Thailand. Money managers and market strategists like the country’s solid growth and moderate inflation. [Potential Opportunities In Emerging Market ETFs.]
- iShares MSCI Thailand (NYSEArca: THD)
Turkey. The Turkey ETF was up nearly 20% over the past month and recently broke above its 200-day moving average. [Turkey Leads Emerging Markets ETFs.]
- iShares MSCI Turkey Investable Market Index Fund (NYSEArca: TUR)
For more information on the emerging markets, visit our emerging markets category.
Max Chen 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.