Equity prices in emerging markets posted the strongest gain for the major asset classes for the trading week through Friday, July 10, based on a set of US-listed exchange traded funds.
Vanguard FTSE Emerging Markets (NYSE:VWO) rose 4.8% last week – the strongest weekly gain for the fund in five weeks. As of Friday’s close, VWO had recovered nearly all the losses suffered in March’s dramatic correction.
Driving VWO’s rally: a sharp gain in Chinese stocks. Equities in China account for more than 40% of VWO’s portfolio, according to Vanguard data as of May 31.
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