Emerging Market ETFs Roar Back to New Heights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 27 2024
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Source: NASDAQ.COM
Emerging Markets Rally: Emerging markets stocks reached a two-and-a-half-year high, driven by new Chinese stimulus measures, a significant rate cut from the Federal Reserve, and a weakening dollar, with the MSCI Emerging Market Stock Index rising 2.3%.
ETF Performance: Several emerging market ETFs, including iShares Core MSCI Emerging Markets ETF and Emerging Markets Internet UCITS ETF, hit new highs this year, reflecting strong growth in online consumption and overall market optimism.
Analyst Views on SCHE
Wall Street analysts forecast SCHE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SCHE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 34.220
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Current: 34.220
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
