In today’s Emerging Money’s Call Audio – Emerging markets last night rallied in Asia on better than expected GDP print.
We have made the following adjustments to the EMCHI as of April 15th: Baidu (BIDU, quote) and Tencent (TCEHY, quote) as mega-cap plays in the index already occupy the two largest weightings but have seen healthy pullbacks to core support and remain the best mix of proven revenue growth and valuation attractiveness.
Our spread analysis of Emerging Market equities vs Developed Market equities failed to breach the .2300 level as we proposed last week after an 11% outperformance move over the preceding 4 weeks.
The recent Emerging Market rally is built off a combination of fundamental and technical factors.
Emerging Market Funds, both dedicated and ETFs, have now strung together two consecutive weeks of inflows for the first time in 6 months.
Emerging Money Audio Call Tuesday April 9th – We dig into China trade data tonight. I’ll explain what I think the numbers from last month are a write off.