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RWED - Emerging Markets Update: So Bad It's Good

Looking at the carnage Wednesday, the one aspect of the trade that stood out was the lack of damage to the two emerging markets ETFs, [[VWO]] and [[EEM]]. The VWO fell -0,30% Wednesday and the EEM, fell 19 bp’s, far less than the carnage on the NYSE, with the Russell 2000 down over 3%, the Nasdaq down 1.55%, and the SP 500 down 1.75%.

Client portfolios have changed very little since the Covid-19 melt-down started, since clients' largest overweight was Tech to start with, but both Financials and Emerging Markets have been very poor choices.

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Stock Information

Company Name: Direxion MSCI Emerging Over Developed Markets ETF
Stock Symbol: RWED
Market: NYSE

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