China Stimulus Kicking In?

By David Semple, VanEck Portfolio Manager MSCI Emerging Markets Index rose 9.67% during the first quarter of 2019, staging an impressive comeback following a lackluster 2018. Although the asset class has lagged behind the S&P 500® Index in 2019, over the past five months (or since the trough on November 1, 2018), emerging markets have outperformed the S&P 500 by approximately 6%. While they did both decline into the end of last year, emerging markets did not decline as much as the developed markets, and have been relatively strong performers in 2019.