In March, emerging market equities put in their worst month since May 2012 with the iShares MSCI Emerging Markets Index (EEM, quote) down by -1.9%, while extending the underperformance to developed equities, as measured by the SPDR S&P 500 ETF (SPY, quote), to -12.6% from the Jan 2, 2013 to month end.
Did you know that Turkish banks as a group will show net profit this quarter of 39%+ year over year — an all-time high.
Staying with the emerging market vs. domestic market trade, UBS is out with their Global Emerging Market Strategy Report, otherwise known as GEMS.
For amateur investors, discerning what exactly differentiates developed, emerging, and frontier markets can be challenging. Today, we’ll try to clarify some of these important distinctions for people looking to invest overseas.
There was fast money, mid-term investing, long term investing. Then came BRICs, and then CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa) made their debut back in late 2009, to now even longer term plays known as frontier markets (encompassing 26 countries) with arguably everything in between.