Emerging Market Update
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.
Here’s a quick recap and what to look forward to in Q2:
Just like the late, great game show Family Feud offered participants a chance to shout out their view of popular perceptions, views and opinions of American culture, there are regular polls of the investment community that afford market participants a similar platform.
I’m buying emerging market volatility.
Dollar Index higher by 2% in February MTD, from intraday low on February 1, putting the hurt on emerging markets which is -1.2% from the intraday high on February 1.
We were early — which means wrong, on buying the spread of owning emerging markets equities vs. the S&P 500.