Currency Declines Killing Emerging Market ETFs as U.S. Rates Rise
August 27, 2013 at 13:02 PM EDT
Emerging market ETFs have underperformed all year and now serious currency declines in many developing countries are adding to the pain. For example, WisdomTree Dreyfus Emerging Currency Fund (NYSEArca: CEW) has weakened close to its lowest levels of 2013. “This prospect of higher interest rates in...