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Rating:ETF Roundup: Emerging Markets ETF Rises on China Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 09, 2013

ETF Roundup: Emerging Markets ETF Rises on China

News summary by MFWire's editors

Bloomberg's Maria Levitov, Julia Leite and Harry Suhartono reported on the rise of BlackRock [profile] iShares MSCI Emerging Markets Index ETF after positive Chinese exports data.

Levitov, Leite and Suhartono report that the ETF added 1.5 percent at 11:30 a.m. Monday in an eight-day rally and the MSCI Emerging Markets Index rose 1.7 percent to 972.16.

Despite the overall trends, with investors pulling billions out of SPDR S&P 500 ETF and SPDR Gold Trust in 2013 so far, State Street Bank & Trust's [profile] head of Investment Strategy, Dave Mazza, is bullish on equities and gold, Barron's Teresa Rivas writes.

Rivas writes that Mazza spoke to IndexUniverse, saying, "What we now see is a base of longer-term strategic investors--both institutional or individuals--who are really thinking about the benefit that gold can play in their portfolio from a diversification standpoint over the long run."

Regardless of Mazza's sunny disposition on the subject, Ned Davis Research advised investors to wait until outflows became inflows before coming back in and Bloomberg reported hedge funds' gold bets are at high levels as conflict in the Middle East draws near, Rivas writes.

To read more, click here and here.  

Edited by: Casey Quinlan


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