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It s the time of year when everyone makes market predictions for the upcoming year. Among the many investors are currently hearing, one of the most common is a bullish outlook for emerging markets stocks in 2021.
What Happened: The MSCI Emerging Markets Index is higher by 4.45% over the past month and will likely finish 2020 with a double-digit gain, but investors can go beyond the prosaic in search of bigger upside in 2021.
The newly minted
Global X Emerging Markets Internet & E-commerce ETF (NASDAQ:EWEB) can provide the excitement of the emerging markets some investors will be looking for next year. Just over a month, EWEB tracks the Nasdaq CTA Emerging Markets Internet & E-commerce Net Total Return Index and taps into one of the more alluring themes in the developing world: e-commerce/online retail.
Some new ETFs benefit from impeccable market timing. Count the
Global X Emerging Markets Internet & E-Commerce ETF (NASDAQ: EWEB) among them. EWEB debuted last month amid of a spate of encouraging data regarding the growth of online retail in developing economies.
EWEB tracks the Nasdaq CTA Emerging Markets Internet & E-commerce Net Total Return Index and holds nearly 50 stocks. EWEB is less than a month old, but it’s clear there are positive tailwinds in place for this rookie fund.
“Today, the confluence of rising smartphone penetration rates, improving internet infrastructure and large youthful populations is powering the growth of emerging markets. Industry analysts have effectively identified how these elements are paving the way for the success of internet and e-commerce companies in these markets,” according to the Consumer Technology Association (CTA).