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.
