In its latest semi-annual review, MSCI Global Standard Indices announced that it will add 11 Brazilian companies to the MSCI Emerging Markets Index at the end of November, along with seven Chinese companies (one Chinese company will be deleted). This benchmark underlies iShares‘ MSCI Emerging Markets Index Fund (EEM), the largest emerging markets ETF with a market capitalization of more than $35 billion. [click to continue…]
With sluggish growth forecasted for the next few quarters an unemployment rate quickly approaching 10%, many U.S. investors are looking beyond their borders for new investment opportunities. While developed European and Asia Pacific economies have received a significant amount of attention, the most popular investment destinations remain the four largest emerging market countries: Brazil, Russia, India, and China, collectively known as the “BRIC” economies. Together, these four countries currently comprise 40% of the world’s population and 15% of GDP, ensuring that they will be a force to be reckoned with on the global stage for years to come. Meanwhile, combined foreign reserves total over $3.1 trillion, potentially allowing these countries to influence world trade and push politics more towards a multipolar world. [click to continue…]
Total ETF industry assets increased by $5.7 billion, or about 1.0%, during the month of June, driven by both new fund offerings and creation of additional units in existing funds. Among the other highlights from the monthly statistical bulletin released by SSgA: