GLOBAL ETF MARKETS MONITOR
February 19, 2021
By Andres Talero
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Treasuries revert to early 2020 levels
Long term US treasuries (TLT ETF) have retreated close to early 2020 levels. Gold (GLD ETF) is also in a downward trend since the late summer of last year but is still 10% above early 2020 levels.
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Both ETFs retreated close to 3% last week and are down near 7% in 2021.
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We monitor US stocks, long term Treasuries and Gold (GLD-SPY-TLT ETFs) as a simple balanced portfolio benchmark. The combined trio is down 3% this year.
Silver (SLV ETF) had a mild rise last week. The metal price is up more than 50% year on year.
WRITING SAMPLE - NOT CURRENT
Emerging Markets stocks 2021 rally
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Most international equity markets were up last week.
Chinese stocks (FXI ETF) were up 3% and emerging markets stocks (EEM ETF) were up 1.5% in USD terms.
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FXI is up 17% in 2021, outpacing other international indexes. EEM is up 10% this year.
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European stocks (FEZ ETF) and Japanese stocks (JPXN ETF) were up close to 1.5%. The two ETFs are up 4% and 6% respectively this year.
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Other international markets rose or were little changed.
DISCLOSURE OF RELATED SECURITIES HOLDINGS: EMB