Emerging Markets Rebound

Although it was a strong week for US stocks, emerging markets performance was even stronger notes Smart Money’s Rob Wherry.

Emerging markets have been particulary hard hit over concerns of a global economic slowdown. However, last week, investors bet that these markets were oversold.

Wherry points to Russia in particular. The Market Vectors Russia ETF (RSX) gained over 60% for the week.

The SPDR S&P BRIC 40 ETF (BIK) which holds the 40 biggest companies in the emerging markets of Brazil, Russia, India and China saw similar gains.

See the ETF Directory at ETF MarketPro for a complete listing of Emerging Markets ETFs.

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