The Latest News:
- The emerging markets posted their largest weekly loss since March due to weak earnings in Asia and Argentina’s bond default concerns, Bloomberg reports.
- Additionally, ongoing tension in eastern Ukraine is fostering a risk-off environment.
- “New sanctions on the Russian economy have contributed to the softness in Russian equities,” Neil Shearing, an emerging-markets economist at Capital Economics Ltd, said in the article. “We could see further downside for EM equities as investors start to pay attention to tighter monetary policy in the U.S.”
- The MSCI emerging markets index dipped to a 12-day low Friday after testing three-year highs earlier in the week, Reuters reports.
PowerShares FTSE RAFI Emerging Markets Portfolio
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Max Chen contributed to this article.