Other emerging markets ETFs were hit as well with iShares MSCI Emerging Markets ETF (NYSEArca: EEM) down 1.53% today and 3.03% year-to-date. The Schwab Emerging Markets Equity ETF (NYSEArca: SCHE) is down 1.51% today and 3.15% year-to-date.
IMF Director Weighs In
Emerging markets ETFs could continue to feel the negative pangs of negative market reactions to the trade wars if other global superpowers decide to join the fray.
Related: Buying the Dip in Emerging Markets Bond ETFs
“Let us not understate the macroeconomic impact (of the trade conflicts),” said Christine Lagarde, the managing director of the International Monetary Fund. “It would be serious, not only if the United States took action, but especially if other countries were to retaliate, notably those who would be most affected, such as Canada, Europe and Germany.”
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