12. Emerging and
“international” markets
Wall Street Journal:
Tech companies have powered this year’s rally in
the developing world, helping the MSCI Emerging
Markets Index return 29%, its highest level in six
years.
The emerging markets tech sector’s return this
year is nearly double, at 54%, compared with the
overall index year-to-date, according to MSCI.
The rise of technology companies represents a
major reversal from earlier years, when banks,
utilities and commodity producers dominated
stock trading in the developing world. In 1995,
when global investing in emerging-market stocks
started to take off, tech shares accounted for only
1.5% of the index, according to MSCI.
Now, tech companies make up about 27% of the
emerging markets index, according to the latest
figures. That’s slightly more than U.S. tech’s share
of S&P 500 market value, which stood at nearly
24% at the end of August.
13. Market Data as of 9/8/2017
• Remember Rule of 72!
• A 50% loss?!