Bespoke – in heir weekly Research Report – published every Friday night, had a great graph on what could be a potential bottoming in Emerging Markets the last few weeks.
This blog has written previously about Emerging Markets and Non-US (here and here, and here). Brazil (iShares MSCI Brazil Capped (NYSE:EWZ)) was never repurchased for clients, but the iShares MSCI Emerging Markets (NYSE:EEM) and Vanguard FTSE Emerging Markets (NYSE:VWO) have been added to in small increments during the 3rd quarter, while a new mutual fund was added to client accounts, i.e. David Herro’s Oakmark International Fund. David has an impressive long-term track record, even though the fund is down 15% – 16% YTD as of Friday, 10/19/18. Both the VWO and EEM were / are also down 15% YTD as of last Friday. There has been a further flush in EM and non-US just since September 30th, when all three vehicles were down only down 7- 8% for the first 9 months of the year.