There were no changes to the suite of DWS models with week, so we’ll look at the Xtrackers MSCI Emerging Markets ETF ([DBEM]).
There were no changes to the suite of DWS models with week, so we’ll look at the Xtrackers MSCI Emerging Markets ETF (DBEM). International equities have had one of their best years in recent memory. The first half was highlighted by strength in developed market equities as emerging markets struggled on a relative basis with China lagging. However, the second half of the year has seen emerging markets shoot higher. DBEM has a near-perfect fund score of 5.67 and this month moved to new multi-year highs. DBEM is trading in heavily overbought territory and on a stem, so new investors may want to wait for some normalization before entering positions. Nonetheless, the technical picture for DBEM on an intermediate and long-term basis is very strong and its currency-hedge helps lower volatility relative to other emerging market representatives, so investors could use this to balance out higher volatility equity exposure.
