Tom Lydon (ETF Trends) submits: Currency in emerging markets have enjoyed a five-year winning streak that has benefited some exchange traded funds [ETFs]. But the good times might be coming to a halt. Inflation is what’s doing the money in, and it’s a problem everywhere from South Korea to Turkey, report Lukanyo Mnyanda and Lester Pimentel for Bloomberg . The currencies for 26 developing countries tracked by Bloomberg returned an average of 0.92% in the last three months, compared with 1.6% in the first quarter and 8.2% for 2007. They’ve been returning 30% annually since 2003. Complete Story » ...
Anytime
Tom Lydon (ETF Trends) submits: Currency in emerging markets have enjoyed a five-year winning streak that has benefited some exchange traded funds [ETFs]. But the good times might be coming to a halt. Inflation is what’s doing the money in, and it’s a problem everywhere from South Korea to Turkey, report Lukanyo Mnyanda and Lester Pimentel for Bloomberg . The currencies for 26 developing countries tracked by Bloomberg returned an average of 0.92% in the last three months, compared with 1.6% in the first quarter and 8.2% for 2007. They’ve been returning 30% annually since 2003. Complete Story » ...