Analyse: CS ETF (Lux) on MSCI Emerging Markets

Retten Emerging Markets die Anleger-Renditen? Nach einer eher enttäuschenden Performance sind Schwellenländer-Aktien heute fast schon eine antizyklische Wette.   Der Standard-Index MSCI Emerging Markets bietete eine breite Diversifikation.

Alastair Kellett 24.05.2013

Rolle im Portfolio

The CS ETF on MSCI Emerging Markets provides exposure to a wide array of mid- and large-cap companies within the world’s emerging regions. This broad category of countries has seen its importance on the global stage rise dramatically in recent years. Whereas this type of exposure would once have been considered only as a speculative tactical tool, it is increasingly becoming a core component of a globally balanced portfolio. That said, this can be a volatile area of the market. The MSCI Emerging Markets Index has had annual standard deviation of 18.8% for the past 10 years, versus 14.0% for the MSCI World. Its correlation to other equity exposures does suggest some benefit as a diversifier. Over the same period it has shown correlation to the local-currency returns of the S&P 500, the MSCI Europe, and the broader MSCI World Index of 77%, 80%, and 83%, respectively. Some of that benefit, however, has shrunk in recent years. The corresponding five-year correlations are 85%, 85%, and 88%. The fund does not make any distributions; hence is may not suit an investor looking for income. Also important to note is that Credit Suisse has announced an upcoming sale of its ETF business to BlackRock, iShares’ parent company. The transaction is expected to close by the end of the second quarter 2013, and will include all 58 CS ETFs across the Swiss, Irish, and Luxembourg platforms.

Go to top

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

Um diesen Artikel zu lesen, müssen Sie sich anmelden

Hier kostenlos registrieren

Über den Autor

Alastair Kellett  Al Kellett is an ETF analyst with Morningstar Europe.

Audience Bestätigung


Auf unserer Websites werden Cookies und andere Technologien verwendet. Damit können wir Ihre Präferenzen nachhalten und Ihnen eine optimale Nutzung unserer Website ermöglichen. Weitere Informationen finden Sie unter Cookie-Optionen.

  • Andere Websites Morningstar