International ADR Strategy Q2 2018 Commentary

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Includes: ADRD, ADRE, BRGL, DBEF, DBEM, DDBI, DDM, DEFA, DIA, DOG, DPK, DXD, DZK, EDBI, EDC, EDZ, EEH, EEM, EEME, EET, EEV, EFA, EFO, EFU, EFZ, EMEM, EMF, EMLB, EMSA, EPS, EQL, ESGD, ESGE, EUM, EWEM, FDT, FEM, FEX, FLQE, FWDD, FWDI, GAB, HEEM, HEFA, HFXI, HUSV, IDEV, IDHQ, IEFA, IEMG, IVV, IWL, IWM, JHML, JKD, KEMP, KLDW, KLEM, MFEM, MFLA, MSF, OTPIX, PPDM, PPEM, PSQ, QID, QLD, QQEW, QQQ, QQQE, QQXT, RFDI, RFEM, ROAM, RODM, RSP, RWM, RYARX, RYRSX, SCAP, SCHE, SCHX, SDOW, SDS, SFLA, SH, SMLL, SPDN, SPEM, SPLX, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SQQQ, SRTY, SSO, SYE, TNA, TQQQ, TWM, TZA, UDOW, UDPIX, UPRO, URTH, URTY, UWM, VEA, VFINX, VOO, VTWO, VV, VWO, XSOE
by: FieraCapitalUS