Emerging markets
China’s recent interventionist policy across e-commerce, payments, tech, and services have made headlines across the world. But if you’d wondered why the Emerging Market ETFs hadn’t sold off all that much, despite what you’d heard, the below graph is a good explainer why.
China has indeed sold down, but India has performed exceptionally well. China is a much larger weight in the EEM benchmark, but the relative magnitude has meant that the emerging market index hasn’t really fallen by all that much.
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Please note that past performance is not a reliable indicator of future performance.
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