Emerging market ETF that focuses on small cap names, the First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) delivered the biggest gains among the exchange-traded funds tracked by Barron’s, rising 2.2% to close at $36,79 a share.
U.S. stick rose today, with the S&P 500 climbing 0.2% today, and a 0.36% gain coming from the Dow Industrials.
Political turmoil rocked emerging markets this week. China credit rating was downgraded by Moody’s, fueling concerns about global growth. There’s speculation of a Brazil downgrade in the face of yet another corruption scandal. However, Strategas experts argue that global growth is not threatened.
In other developments, GOL Linhas Aereas Inteligentes (GOLL4.Brazil) rose 8.7% and the Banco do Estado do Rio Grande do Sul (BRSR6.Brazil) gained 3.4% in the latest market action.
Read more at Barron's.