The iShares MSCI Emerging Markets ETF (NYSEArca: EEM), which tracks the benchmark MSCI Emerging Markets Index of developing countries, dropped 5.8% over the same period.
Lastly, the iShares Latin American 40 ETF (NYSEArca: ILF), which includes 40 of the largest Latin American stocks in its portfolio, declined 11.2% since November 8.
“Since the election it’s been all about growth in the U.S., and growth is just not existent around the world,” Mark Kepner, managing director and equity trader at Themis Trading LLC, told Bloomberg. “All this is based on what we’re expecting and if that takes longer or doesn’t happen, you’re going to have a lot come out of this market.”
Fueling the optimistic outlook in U.S. markets, President-elect Donald Trump has promised to enact a number of expansionary economic policies, such as a $1 trillion infrastructure spending spree, diminished regulation on industry like the financial sector and corporate tax cuts to encourage growth.
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