For anyone trading the emerging markets ETF - I reckon now is a fantastic time to pile on.
The ETF has lagged because Australia's interest rate rises have caused our currency to strengthen against those of the underlying investments - but I think that will soon change.
Russia, China, Brazil and India are all at record low interest rates still and they will have to raise them.
Here's a good paper written by one of the chaps at iShares: http://au.ishares.com/publish/content/documents/pdfs/currency.pdf
- Vish
IEM Price at posting:
$45.49 Sentiment: LT Buy Disclosure: Held
