Emerging market (EM) stocks saw the biggest surge, and roared back after a difficult 2016: $8.7 billion went into EM in the third quarter and a record $30.2 billion for the year through September. EM earnings growth is 20% year-on-year, and with positive earnings momentum and lower valuations than U.S. and European developed markets, some analysts are bullish.
A final word on Konishiki: The greatest Sumo wrestlers were known for both their grace and their heft—large in size but also able to pivot quickly. The same is true for ETFs, conduits for virtually all parts of global markets.
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