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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

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