Since launching late last summer, ECON has returned 17.53% versus EEM’s 6.96%, and year to date ECON is up 2.39% versus EEM losing 2.89%.
We note that recently ECON surged above its 50-day moving average from a technical standpoint and hit a new high since the inception of the fund ($24.63 a share) before retreating somewhat in sympathy with the equity market sell-off.
Emerging Global Shares Dow Jones Emerging Markets Consumer Titans
Chart source: StockCharts.com.
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