IShares MSCI Emerging Markets Index (ETF) (NYSEARCA:EEM) plunges as Southeast Asian stocks decline


Dallas, Texas 08/27/2013 (Financialstrend) – There had been recent decline in prices witnessed by the units of IShares MSCI Emerging Markets Index (ETF) (NYSEARCA:EEM) in the recent days of trading in the markets. Such decline in prices of this exchange traded fund tracking the performance of the emerging markets had primarily been attributed to the decline of 5.5% in the performance of the Southeast Asian stocks which was primarily led by the dip in the Indonesian stocks. Further, the stocks in the Indian markets had also been observed to move downward to add on to this plunge in the prices of the ETF.

It is worth noting that the units of IShares MSCI Emerging Markets Indx (ETF) (NYSEARCA:EEM) had incurred losses of around 11.4% since the break of this calendar year 2013 and had proved to underperform the broader market index of S&P 500 by around 2800 basis points. Further, the recent decline in values of the currencies of emerging markets also proves to send signals of worry to the investors in such ETFs. It would thereby prove efficient for the traders in the ETF tracking the performance of the emerging markets to make effective and cautious decisions to avoid any heavy losses in the near future.

IShares MSCI Emerging Markets Index (ETF) (NYSEARCA:EEM) had proved to present decrease in share prices by 1.09% on Monday and had thereby closed the trading session at $38.23 per share. The stock was observed fluctuate during the day to present intraday prices moving in the range of $38.16 to $38.73 per share on Monday, while the stock had recorded 52 week low at $36.16 per share and 52 week high at $45.33 per share. Further, the stock’s trading volume on Monday was reported to be at 12.18million shares for the day.

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