db x-trackers MSCI Emerging Markets TRN Index UCITS ETF

Das Wachstum der Wirtschaft der Schwellenländer ist überdurchschnittlich, die Performance der Aktienmärkte nicht. Nachholbedarf kontra Unsicherheit.

Rolle im Portfolio

The fund 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 position on the global stage rise significantly in recent years. Whereas this type of exposure would once have been considered a speculative tactical tool, it is increasingly becoming a core component of a globally balanced portfolio.

Nevertheless, this can be a volatile area of the market. For example, the MSCI Emerging Markets Index has had an annualised standard deviation of 18.5% for the past 10 years, versus 14.1% for the MSCI World. However, correlation metrics to developed equity exposures suggest its benefit as a diversifier has increased of late. Indeed, over the same 10-year period it showed a 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. Meanwhile, one-year correlations have dropped to 47%, 75% and 63%.

The fund does not distribute dividends; therefore it may not suit an investor looking for regular investment income. European investors should note that the fund is USD-denominated, so its performance may be affected by foreign-exchange valuations.

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

Morningstar ETF Analysts  research hundreds of ETFs available to European investors. The Morningstar Rating for ETFs is based on a risk-adjusted performance measure

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