Global X says double down on emerging markets
(CNBC): Emerging markets trade may be ripe for investment despite Iran conflict risks. Malcolm Dorson of Global X ETFs sees potential in weaker dollar trends and domestic uncertainty.
Investors are eyeing the emerging markets trade despite concerns over the Iran conflict. Malcolm Dorson from Global X ETFs believes that a weaker dollar and domestic uncertainty could benefit the group. The iShares MSCI Emerging Markets ETF (EEM) has dipped over 5% this week but remains up nearly 37% over the past year. VettaFi’s Cinthia Murphy suggests putting money into international markets, particularly focusing on energy if the Iran conflict persists. The United States Oil Fund (USO) has seen gains of 12% this week and 32% this year as of Wednesday’s close.
