The iShares MSCI Emerging Markets Index (NYSEArca: EEM) is down 0.96% on the latest news and downgrade. Also, the iShares FTSE China 25 Index (NYSEArca: FXI) shed 1.07%, the largest ETF with pure exposure to China, reports Trang Ho for Investor’s Business Daily. [Looking Beyond the Usual Suspects in Emerging Markets ETFs]
“Emerging-market stocks have had such a nice rally over the past couple of months that traders will use any excuse to take profits,” Matthew Tuttle, CEO of Tuttle Wealth Management said.
iShares MSCI Emerging Markets Index
Tisha Guerrero contributed to this article.