Emerging market stocks rose on Monday, with mainland China stocks leading gains on hopes of economic recovery as the country eases strict COVID-19 restrictions and reopens borders, while most currencies fell against the dollar. Currencies of the developing world edged lower against a dollar attempting to regain momentum. An index of EM currencies retreated from a nine-month high and was on track to break a 15-session winning streak – a run not seen in at least a decade.
MSCI’s index of emerging market shares scaled a fresh seven-month high, up 0.1%. The index is looking to mark its 10th straight session in the black, having gained nearly 8% over the last nine. Trading volumes were seen thinned by a market holiday in the United States.
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.
