South African ETF Proving “Resilient”

Front view of punching fist on gray background, flag of South Africa

Front view of punching fist on gray background, flag of South Africa

South Africa is “bouncing back” from the Brexit “crisis”, despite what the naysayers were predicting.

“So much for Brexit’s impact on the global economy. With this week’s rally, the iShares MSCI Emerging Markets exchange-traded fund (EEM) is now up more than 6% for the year as the second quarter winds to a close.

BEST YTD%
Peru 46%
Brazil 41%
Colombia 24%
Russia 19%
Thailand 17%

South Africa has proved resilient, up 11% year to date.

 

“Emerging Markets’ Best and Worst Countries of 2016”: http://blogs.barrons.com/emergingmarketsdaily/2016/06/30/emerging-markets-best-worst-countries-of-2016/

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