iShares MSCI Emerging Markets Indx (ETF), NYSE:EEM Undervalued
iShares MSCI Emerging Markets Indx (ETF), NYSE:EEM In the last week, another $1.4 billion flowed out of the asset class, accelerating a bit from the $1.3 billion in net redemptions that we saw in the previous numbers from fund tracking firm EPFR Global.
HCM upgraded the outlook on Emerging Markets expecting a rebound in the coming days, for NYSE:EEM a price target for 2012 was set at $5o by Shayne Heffernan.
iShares MSCI Emerging Markets Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the MSCI Emerging Markets Index (the Index). The Index is designed to measure equity market performance in the global emerging markets. The Index was developed by Morgan Stanley Capital International Inc. as an equity benchmark for emerging market stock performance. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization. Component companies are adjusted for available float and must meet objective criteria for inclusion in the Index. The Index is reviewed quarterly.
The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is Barclays Global Fund Advisors.
This week HCM favor buying the oversold emerging markets in Asia, Singapore, Malaysia and the Philippines are the top 3 destinations, there are some political issues in Indonesia and Thailand that still see us cautious on these 2 for the week although long term we remain extremely bullish on them.
- Range 35.09 – 35.69
- 52 week 34.71 – 50.43
- Open 35.57
- Vol / Avg. 30.86M/70.36M
- Mkt cap 29.46B
- P/E 4.01
- Div/yield 0.46/2.31
- EPS 8.86
Institutional Holders
| % Shares Owned: | 66.83% |
| # of Holders: | 862 |
| Total Shares Held: | 516,381,416 |
| 3 Mo. Net Change: | 5,823,898 |
| # New Positions: | 79 |
| # Closed Positions: | 66 |
| # Increased Positions: | 357 |
| # Reduced Positions: | 389 |
| # Net Buyers: | -32 |
| 1 Year | 3 Years | 5 Years | |
|---|---|---|---|
| Sales % | 13.43 | 28.19 | 41.71 |
| EPS % | 335.11 | -29.57 | -4.78 |
| Dividend % | 1.69 | 4.66 | -5.67 |
Shayne Heffernan
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services. www.livetradingnews.com
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Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com
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