2020-06-22 09:02:25, By Todd Shriber, InvestorPlace Contributor, InvestorPlace
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/Business & Industrial
/News/Business News
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The strong dollar, which crimps emerging markets currencies and dollar-denominated debt issued by those nations, is a problem, too.
Broadly speaking, investors practically have to hold their noses to get involved with emerging markets ETFs these days.
EMQQ is easily topping those funds, too.
Given China's heft in the ex-U.S. online retail arena, it'd be easy to assume that EMQQ is heavily dependent on Alibaba Group (NYSE:BABA) and JD.com (NASDAQ:JD).
Those stocks combine for roughly 13% of the fund's weight, but Tencent Holdings (OTC:TCEHY) and MercadoLibre (NASDAQ:MELI) are among the other names driving EMQQ's returns, with MercadoLibre confirming EMQQ isn't all about China.
The MSCI Emerging Markets Index is down 11% year-to-date, about double the loss of the S&P 500.
In theory, blaming the emerging markets malaise on China because the country was the initial epicenter of the coronavirus, appears to make sense.
iShares MSCI Taiwan ETF (EWT)
Source: Shutterstock
Expense ratio: 0.59% per year
Conservative investors looking for some country-specific exposure may want to consider the iShares MSCI Taiwan ETF.
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