With no changes to any of the iShares models this week, we look at the iShares MSCI Emerging Markets ETF (EEM).
There are no changes to any of the iShares models this week. While commodities have moved to the top of the DALI asset class rankings, international equities continue to lead domestic equities, which currently rank third. Investors looking to add international exposure should consider the iShares MSCI Emerging Markets (EEM) as a buy on pullback opportunity. EEM currently has a strong 5.32 fund score, which is 0.90 points better than the average for all non-US equity funds. On its P&F chart, EEM has completed three consecutive buy signals and reached a new all-time last month. The fund has subsequently pulled back to moderately oversold territory and now sits at $57 just above prior resistance, which may now act as support. Beyond this level, EEM has most recently found support at $53.
EEM’s largest country exposures are China (25%), Taiwan (22%), South Korea (17%), India (13%), and Brazil (5%). Year-to-date (through 3/18) EEM has gained 5.21% on a price return basis; the fund also carries a 1.94% yield.
