iShares MSCI Emerging Index Fund ETF (ETF:EEM), (KWEB) – ‘Trading Nation’
Chad Morganlander of Washington Crossing Advisors said on CNBC’s “Trading Nation” he is overweight the emerging markets sector for the first time in three years.
Around 85% of the global population is domiciled in the emerging markets with less than 50% of global GDP, said Morganlander, and added that the emerging markets offer better relative value as well as growth. In the second half of 2021, as COVID-19 passes, global growth will re-accelerate and commodity prices are going to go higher. This scenario will benefit the emerging markets overall and Morganlader wants to take a broader exposure through iShares MSCI Emerging Markets ETF (NYSE: EEM).
Ari Wald of Oppenheimer said that charts are aligned with Morganlander’s call because the emerging markets have become a story on China’s tech, which has become a bigger part of the MSCI Emerging Markets Index. He is bullish on KraneShares CSI China Internet ETF (NYSE: KWEB) because of its remarkable relative strength during the market pullback.
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read More: iShares MSCI Emerging Index Fund ETF (ETF:EEM), (KWEB) – ‘Trading Nation’