Earlier this week, I wrote that Greece had been downgraded by MSCI from “developed economy” to “emerging market.” In this video, I dig into the details and explain what this means for investors.
What's In Your Wallet?
The point to take away is that your emerging market ETF or mutual fund may not be invested in the countries you expect. It may be loaded down with already mature countries such as Taiwan or South Korea…or with basket cases like Greece.
Before you buy an emerging market ETF or fund, go to a financial website such as Yahoo Finance or visit the fund’s website to take a look under the hood. Nearly all ETFs and mutual funds provide easy viewing access to their holdings.
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Greece's Downgrade: What's It Mean?
Published 06/20/2013, 11:09 AM
Updated 07/09/2023, 06:31 AM
Greece's Downgrade: What's It Mean?
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Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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