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Emerging Market ETFs Bounce on Government Shutdown

By  +Follow October 4, 2013 10:53AM
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Emerging market ETFs were boosted Thursday as the shutdown of the American government entered its fourth day. While political turmoil usually sends investors fleeing from emerging markets, the belief that the shutdown and pending debt-ceiling fight will keep the Federal Reserve’s bond-buying program intact and at current levels appears to have dissuaded fears and helped boost stocks in Indonesia, the Philippines, and India.

Today’s gains stretched across the board for various emerging market ETFs. The iShares MSCI Emerging Markets Indx (EEM) gained over 1 percent, the Vanguard FTSE Emerging Markets ETF (VWO) was up just over 1.15 percent, the WisdomTree India Earnings Fund ($EPI) gained over 1.5 percent, the PowerShares India Portfolio ($PIN) rose just over 1.5 percent, iShares MSCI Malaysia Index Fund (EWM) leapt almost 2.5 percent, and the iShares MSCI Indonesia Investable Market Index Fund (EIDO) was up just under 2.5 percent.

Emerging Markets Bolstered by Government Uncertainty

While it runs counter to traditional thinking about emerging market equities, the turmoil in Washington appears to be boosting funds tracking these stocks. It’s something that played out last month when currencies in emerging markets plunged on speculation that the Fed would taper the bond buying program, strengthening the dollar and drying up available capital. Now, with the bond-buying program continuing, many see an increased appetite for risk that will push investors into emerging market stocks with the chance for higher yields.

The Financial Times quoted a Societe Generale ($SCGLY) note to its clients as saying: “To the extent that it may affect Fed policy expectations this [the shutdown] may actually feed through as a risk-on signal for global emerging markets (GEM). In addition, this may lead to a downgrade of U.S. macro data in terms of market significance, which helps support the bottom-up approach to GEM while undermining the U.S.-centric top-down theme.”

Emerging Markets Coming Off Strong September

The news that the predicted taper in quantitative easing would be delayed at least a month combined with news of better-than-expected recoveries for economies in Europe, Japan, and the United States made for a rosy September for emerging market ETFs. Since September 1, the iShares MSCI Emerging Markets Indx is up almost 10.5 percent.

Results for EEM
Financial Iceberg
19 Apr 14 13:44:37
SP500 Emerging Financials Near Resistance Trendline ? $SPY, $SPX, $ES_F, $EEM, $EMFN http://t.co/R3ZvXrnAEf
Michael Samhan
19 Apr 14 11:14:32
04-20-14 Trade Plan http://t.co/Gr3rzU6aMI $SPY $TLT $USO $EEM $RSX $EWZ $XLE $EFA $STUDY
$EEM
19 Apr 14 10:41:11
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Financial Iceberg
19 Apr 14 09:32:45
SP500 Emerging Financials Near Resistance Trendline ? $SPY, $SPX, $ES_F, $EEM, $EMFN http://t.co/PcmADe6J8d
Protege
19 Apr 14 09:11:07
RT @darealseem: @protege_ontop @darealseem: "Hammer bang freestyle" #LILDELL ft $EEM 🔥http://t.co/xKxVV6bmfP http://t.co/H3NRXz38cW #T$MG …
$EEM
19 Apr 14 09:04:01
@protege_ontop @darealseem: "Hammer bang freestyle" #LILDELL ft $EEM 🔥http://t.co/xKxVV6bmfP http://t.co/H3NRXz38cW #T$MG @5100DEll🔥🔥🔥
#BRICKYARD
19 Apr 14 07:41:20
RT @darealseem: "Hammer bang freestyle" #LILDELL ft $EEM 🔥http://t.co/xKxVV6bmfP http://t.co/H3NRXz38cW #T$MG @5100Dell !!!!
$EEM
19 Apr 14 07:40:28
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#BRICKYARD
19 Apr 14 06:19:44
RT @JordanMetra: @darealseem $eem what's good bro, heard ur track it's really good, when did you record it..?
$EEM
19 Apr 14 06:19:21
RT @JordanMetra: @darealseem $eem what's good bro, heard ur track it's really good, when did you record it..?
Got Instrumentals 4U
19 Apr 14 06:15:47
@darealseem $eem what's good bro, heard ur track it's really good, when did you record it..?
$EEM
19 Apr 14 06:13:27
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Greg Harmon, CMT
19 Apr 14 06:12:49
$SPY Trends and Influencers April 18, 2014 http://t.co/dSU2ljZFHX $GLD $USO $TLT $EEM $IWM $QQQ $VIX
$EEM
19 Apr 14 05:46:42
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$EEM
19 Apr 14 05:26:13
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$EEM
19 Apr 14 04:54:46
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$EEM
19 Apr 14 04:53:28
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$EEM
19 Apr 14 04:45:42
"Hammer bang freestyle" #LILDELL ft $EEM 🔥http://t.co/xKxVV6bmfP http://t.co/H3NRXz38cW #T$MG @5100Dell !!
$EEM
19 Apr 14 04:43:26
"Hammer bang freestyle" #LILDELL ft $EEM 🔥http://t.co/xKxVV6bmfP http://t.co/H3NRXz38cW #T$MG @5100Dell #T$MG
$EEM
19 Apr 14 04:40:15
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$EEM
19 Apr 14 04:37:16
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$EEM
19 Apr 14 04:36:03
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$EEM
19 Apr 14 04:33:42
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$EEM
19 Apr 14 04:32:31
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$EEM
19 Apr 14 04:28:38
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$EEM
19 Apr 14 04:26:49
"Hammer bang freestyle" #LILDELL ft $EEM 🔥http://t.co/xKxVV6bmfP http://t.co/H3NRXz38cW #T$MG @5100Dell
$EEM
19 Apr 14 04:25:08
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$EEM
19 Apr 14 04:22:02
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Hedge House Kuwait
19 Apr 14 03:53:33
#Cross Economies ETFs week perform- Euro $FEZ 1.71% Japan $EWJ 3.52% US $SPY 2.69% Emerging $EEM +0.43%
Lutz Braune
19 Apr 14 01:51:04
$EEM [$$] After the Bulls Rush In http://t.co/OjCoDQJrcW
Lutz Braune
19 Apr 14 01:40:04
$EEM Beware the Rush to Emerging Markets http://t.co/VvA5UFGETz
Stock_Tracker
18 Apr 14 23:44:00
Emrg Mkts Index MSCI Ishares (EEM) 42.01 $EEM Knowing ETF Firms' Traits Can Help You Sort Field at Investor's http://t.co/iqidZgb9X5
Travis Howard
18 Apr 14 22:51:24
Options activity watch $SPY $BAC $FB $GE $CSCO $MU $XLF $GE $QQQ $EEM $IWM $ZNGA $SIRI $MSFT $ITNC $PBR http://t.co/RNrSIrHV5f
Lutz Braune
18 Apr 14 18:59:33
$EEM For rapid growth, Africa is the new China http://t.co/dX6pwkPDAE
Antonio NaVi
18 Apr 14 16:58:38
China cuenta con casi 20% de peso en $EEM, tiene resistencias en SMAs y EMAs importantes, su soporte importante SMA20 http://t.co/VCVVS8qmLU
Lutz Braune
18 Apr 14 16:04:04
$EEM For rapid growth, Africa is the new China http://t.co/0RVS7PMnru
Antonio NaVi
18 Apr 14 15:53:34
$EEM rompe con lineas de 0 y 50% del Andrews Pitchfork, y las vuelve a buscar con una especie de pullback #FTR1 http://t.co/AvQaw2FSI5
TradingView
18 Apr 14 13:34:10
$EEM chart by @FibLine: http://t.co/1gMo1bzihq EEM.
Financial Iceberg
18 Apr 14 13:10:04
SP500 Emerging Financials Near Resistance Trendline ? $SPY, $SPX, $ES_F, $EEM, $EMFN http://t.co/W1h4QhZzuS
FMD Capital
18 Apr 14 12:32:56
Latest ETF review video - 10 charts, 10 minutes. Go! http://t.co/LpGsyG8nUN $SPY $QQQ $EEM $TLT $GLD
Matt K
18 Apr 14 11:35:29
RT @harmongreg: $SPY Trends and Influencers April 18, 2014 http://t.co/HrSeBv3Zrz $GLD $USO $TLT $EEM $IWM $QQQ $VIX
jimmy fauny
18 Apr 14 10:23:30
RT @LordWindsor: The great convergence between emerging markets and the U.S. begins. http://t.co/cQ5poNCkra $EEM $SPY
Lizmauyurie
18 Apr 14 10:23:21
RT @LordWindsor: The great convergence between emerging markets and the U.S. begins. http://t.co/cQ5poNCkra $EEM $SPY
kerly
18 Apr 14 10:23:14
RT @LordWindsor: The great convergence between emerging markets and the U.S. begins. http://t.co/cQ5poNCkra $EEM $SPY
Christian Ortiz
18 Apr 14 10:22:59
RT @LordWindsor: The great convergence between emerging markets and the U.S. begins. http://t.co/cQ5poNCkra $EEM $SPY
Dulce Hernandez
18 Apr 14 10:22:35
RT @LordWindsor: The great convergence between emerging markets and the U.S. begins. http://t.co/cQ5poNCkra $EEM $SPY
KatyQl
18 Apr 14 10:22:30
RT @LordWindsor: The great convergence between emerging markets and the U.S. begins. http://t.co/cQ5poNCkra $EEM $SPY
Wali
18 Apr 14 10:22:28
RT @LordWindsor: The great convergence between emerging markets and the U.S. begins. http://t.co/cQ5poNCkra $EEM $SPY
Socorro Carneiro
18 Apr 14 10:22:22
RT @LordWindsor: The great convergence between emerging markets and the U.S. begins. http://t.co/cQ5poNCkra $EEM $SPY
Renee rodriguez
18 Apr 14 10:22:20
RT @LordWindsor: The great convergence between emerging markets and the U.S. begins. http://t.co/cQ5poNCkra $EEM $SPY
				
				
By  +Follow October 4, 2013 10:53AM
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