One of the most heavily written off segments of the global investment landscape is starting to show signs of life. Emerging markets have begun to rally, despite seemingly all odds stacked against their success. The broadly focused iShares MSCI Emerging Market Equity ETF (NYSE: EEM) has rallied 7 percent in the last two weeks and poked back above its 200-day moving average, which may be a sign of further upside to come.
Coming into the year, emerging market equity ETFs were dogged by extreme bearish sentiment fed by slowing economic growth, currency turmoil, asset outflows, and vast underperformance when compared to domestic equities. As we all know, a heavily beaten down investment shines when those pessimistic qualities reach ...
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