2024-07-06 09:16:58 ET
Summary
- iShares MSCI Emerging Markets ETF provides exposure to large and mid-sized companies in emerging markets with over $19.4 billion in assets under management.
- Recent positive net fund flows indicate a potential reversal in performance, with a focus on geographical exposures and valuation metrics.
- EEM appears somewhat undervalued and diversified, with potential cyclical sensitivity and an implicit USD hedge, making it a possible bullish option for investors with allocation limits advised.
Introduction
iShares MSCI Emerging Markets ETF (NYSEARCA: EEM ) is a well-known fund in the ETF space, providing investors with exposure to large and mid-sized companies in emerging markets. The fund's inception date was April 7, 2003, and its mandate is to follow its benchmark index, the MSCI Emerging Markets Index. At present, EEM has 1,241 holdings (July 3, 2024), with a 30-day SEC yield calculated as 1.79% (as of the end of May). Assets under management are now over $19.4 billion, with an expense ratio of 0.70%....
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EEM: Likely Modestly Undervalued With Diversification Benefits