SPEM News and Press, SPDR Index Shares Fund Portfolio Emerging Markets From 04/27/21

We stick to our pro-risk stance and tweak our tactical views as the U.S. leads a powerful global economic restart and our new nominal theme plays out. Stocks were little changed on the week as markets digested strong first-quarter earnings reports and bond yields eased. The Federa...

The market has been trading on forward assumptions for the entire duration of the pandemic up to and including the present day. One year ago, the world was coming to terms with the reality of the damage wreaked by the pandemic, but the stock market had it all figured out. On April 23,...

When reviewing the current state of the global economy and investment markets, we recommend focusing on market signals and weeding out market noise. While the market signals we follow generally point to a constructive and "risk-on" economic and market environment for the rest of 2021,...

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...

iShares MSCI Emerging Markets ETF (EEM) is a well-established emerging markets fund with assets exceeding $31B. The fund pays semi-annual dividends (twice per year) and has recovered strongly after the 2020 pandemic slump. Emerging markets have underperformed developed markets of ...

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...