DMRE News and Press, DeltaShares S&P EM 100 & Managed Risk ETF From 04/23/21

The pace of recovery has begun to diverge across economies, with vaccination progress and the scale of government stimulus among the biggest swing factors. Macro disparities have also begun filtering into EPS growth expectations. Cyclically sensitive sectors have dominated the upg...

This US stimulus looks like overkill and might well have a bigger impact on inflation than the US Federal Reserve hopes for, but there's no doubt that it will give a strong short-term boost to growth. The European policy response pales by comparison and remains bedeviled by internal d...

In today’s low-yield landscape, income investors find themselves depending on higher-yielding investments such as bank loans, high-yield bonds and dividend-paying equities. Reaching for yield can be especially dangerous for income investors because of sequence risk - the risk o...

We see the restart, stabilizing U.S. Treasury yields and relatively cheap valuations boosting emerging market (EM) assets after a choppy start to 2021. U.S. stocks hit record highs and 10-year Treasury yields fell to the lowest level in more than a month. Major U.S. banks reported pos...

The first quarter of 2021 brought what the Asset Allocation Committee expected, and as it looks to the next six to 12 months, it faces two questions. Do we think the economy will overheat, pushing bond yields to levels that unsettle equity markets or even force central banks to stifle...

The economic restart has lifted commodity prices. Beyond that, we see structural trends leading to a divergence of fortunes in different commodities. The International Monetary Fund has raised its global growth forecast to 6% in 2021. U.S. stocks hit record highs and yields traded bel...

In recent months, we've received many questions about how we expect emerging markets will perform once the Federal Reserve does begin removing monetary stimulus. We believe once the market becomes comfortable with global vaccine rollouts and herd immunity, we will see a sustained resu...

The PPI report last week didn't make a ripple in the markets, but the commentariat was all aTwitter about inflation and economic overheating and whether Powell might raise in rates in 2 years or 3. The market was not impressed. The 10-year Treasury yield moved all of about 1 basis poi...

Emerging markets saw a positive first quarter overall, although pandemic challenges remain an overhang on the global economy. We think EMs will likely stay resilient in the face of new challenges. We expect a sharp earnings rebound in EMs this year from a low base last year. E...

EM value multiples have remained stagnant and near single-digit numbers over the last six years - tough to find in the U.S. - while growth multiples have been rising. It is interesting to see how the S&P 500 Index’s P/E ratio has followed a similar path as the EM growth sto...