The rupee, rupiah, South African rand and Turkish lira, all among this year’s worst emerging markets currencies, combine for over a quarter of CEW’s weight.
On the more positive side of the ledge, Mexico is seen as less reliant on external financing than some other developing markets. Additionally, Malaysia’s third-quarter account surplus grew to $3.3 billion, according to Bloomberg.
Mexico’s peso and Malaysia’s ringgit combine for 13.5% of CEW’s weight.
WisdomTree Emerging Currency Fund
ETF Trends editorial team contributed to this post.