Stock price when the opinion was issued
Investors need to look outside the borders of North America, and start looking at Europe, Asia and the emerging developing markets. With this ETF, you have a broad market cap-weighted exposure to companies in countries like China, Taiwan, India, South Africa and Brazil. Emerging markets has been the clear winner this year. Looking at valuations, the EM index is trading at 14.8X Forward Price Earnings, a 25% discount to the S&P. Valuations are very, very attractive.
(A Top Pick August 24/17, Down 6%) Took a stop loss in June, and bought US equities. Long-term, EM is the place to be, but it’s going to have its highs and lows. At some point, once sentiment turns, it’s a spot to get back into.