Emerging Markets Are Underperforming Again

Don FishbackStock Market

Earlier we wrote about emerging markets and how the companies that construct the indexes were going to increase the Chinese component.

Now this:

“Regulatory filings show that hedge funds in the first quarter more than doubled their investments in the three largest exchange-traded funds that buy stocks in emerging markets. Too bad.”

It’s ironic because I was noticing how the different markets were moving in lockstep until mid-April. Even more pronounced is the lack of even a modest bounce this week.