IEMG - another powerful move to the top of the channel??This ETF has been moving. Looks like it has room to run.
Key stats
About iShares Core MSCI Emerging Markets ETF
Home page
Inception date
Oct 18, 2012
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
IEMG offers outstanding coverage of emerging markets. As part of the line of 'Core' ETFs from BlackRock, it offers very similar but more comprehensive exposure than its sister fund EEM by including smaller firms in the portfolio. IEMG follows the same MSCI index as our benchmark and so it counts South Korea as an emerging market, in contrast to FTSE-based funds such as VWO. The fund does not fully replicate the underlying index, yet uses a representative sampling. A strategy commonly used in order to reach or exclude securities for preferred investing or trading purposes. Over time the fund manager expects tracking err to be less than 5%. Also a common practice worth noting, the fund uses a subsidiary located in the Republic of Mauritius to invest portion of the portfolio in India.
Classification
What's in the fund
Exposure type
Finance
Electronic Technology
Stock breakdown by region
Top 10 holdings
Emerging marketsThe National Stock Exchange of India has experienced the best year as investors ripped big as their stock market pushed higher, outperforming major global indices. Other emerging markets have been on investors' radar as they look for other markets to invest in.
The iShares Emerging Market ETF experi
IEMG Emerging markets Bull flagThere is a bull flag forming on IEMG. I am waiting for a test of the 0.382 fib which also lines up with previous support.
IEMG ETF Retest of level 48.89Idea:
SL < 48.81
BUY < 49.57
Fundamental:
- Pro: NAV is big enough
- Pro: IShares ETF is liquid enough
IEMG Emerging Mkt: bottom is in; see TP for waves 3 & 5IEMG made a bulltrap with a long hammer in this monthly chart. RSI oversold.
It went back inside the pitchfork upchannel.Wave 1 of 3 has bottomed out.
The target price for wave 3 is 90 (FIBO Ext), a 55% profit from the 58 price.
Final wave 5 target projected at 1.618 FIBO is around 111.
Not trading
Emerging Mkt ETF: BULLFLAG will make a 55% run from current 58IEMG has very high probability of reversing due to the recent formation of a diamond pattern.
Some more downside move to the base of pitchfork is still possible but unlikely due to the BULLFLAG formation. Also smart money has already been accumulating with increasing volume during this flag consolid
Trends in select Emerging Markets (& smaller markets) via ETFsRecent trends in select Emerging Markets (and some smaller markets) viewed by their ETFs, for the countries: Brazil EWZ , Mexico EWW , New Zealand ENZL , South Korea EWY , China MCHI , India INDA - also vs. the emerging markets ETF IEMG , and the NASDAQ IXIC index.
iShares Core MSCI Emerging Markets ETFCost: $ 52.27
Annual trading range: $ 35.66-55.45;
Dividend Yield: 3.51%;
Wealth Management Cost: 0.13% per year (i.e. $ 13 for every $ 10,000).
iShares Core MSCI Emerging Markets (NYSE: EEM) ETF (NYSE: IEMG) invests in 2,476 large, medium and small companies. The five largest sectors are represent
IEMG Ascending WedgeForming a wedge since the local bottom in March. I would expect it to break down further.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
SellBuy
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Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.