IEMG is trading 3.2% up today as emerging markets participate in a broad global risk-on rally fueled by positive macroeconomic data.
- The fund’s heavy exposure to technology and Asian markets is benefiting from improved sentiment toward growth assets following strong Microsoft earnings.
- Cooling PCE inflation data in the U.S. is driving a rebound in global equities as investors look past recent Middle East tensions to favor diversified emerging markets benchmarks.