Emerging market stocks rose for the first time in five days on Monday on signs of improving corporate performance in Asia and a thaw in U.S.-China relations, while traders gear up for key U.S. inflation data on Tuesday.
The benchmark MSCI Emerging Markets Index rebounded above its 50-day moving average, with Taiwan Semiconductor Manufacturing Co. Ltd. contributing almost a third of the gauge’s gains after posting the first monthly sales increase since February. The $70.5 billion Vanguard FTSE Emerging Markets ETF reversed losses to finish the session up, while currencies were mixed.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
