Are Emerging Markets Toast? By: TalkMarkets August 17, 2018 at 00:45 AM EDT On a year-to-date basis, the S&P 500 Index was up more than 6% through July, while the MSCI EAFE (EFA) Index was down slightly and the MSCI EM (EEM) Index was down more than 4%. Read More >> Related Stocks: Emrg Mkts Ishares MSCI ETF MSCI EAFE ETF