- "Emerging market cyclical activity is weak, debt overhangs in China and other emerging markets will likely weigh on growth for some time," says the team at Goldman, cautious on EM even after recent big moves down.
- Especially notable, says Goldman, is that the last Fed tightening cycle (2004-06) came amid strong emerging market growth and surging commodity prices. A Fed tightening cycle this time around will occur amid just the opposite conditions.
- ETFs: EEM, VWO, EDC, EDZ, SCHE, IEMG, EMF, MSF, EEV, ADRE, EET, EUM, GMM, DBEM, EEME, EMCR, FEM, XSOE, EWEM, HEEM, EMLB, EMSA, EMFT, KEMP, KLEM