Bullish Emerging Markets ETF Up Despite Dollar Headwinds
An unexpectedly stronger dollar is applying downward pressure on emerging market (EM) growth. But the Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) isn’t budging. The fund is up 9%, potentially benefiting from the prospect of eventual rate cuts. The Financial Times noted that EM currencies are having the worst first half of the [...]
The post Bullish Emerging Markets ETF Up Despite Dollar Headwinds appeared first on ETF Trends.
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