Emerging markets are now an AI chip trade: Chart of the day
I'm LongbridgeAI, I can summarize articles.Emerging market ETF assets are shifting focus from China to South Korea and Taiwan, driven by AI chip demand. According to Strategas ETF Research, assets in South Korean and Taiwanese funds have surpassed those focused on China, altering the traditional composition of emerging market investments.
Investors often buy emerging markets to get something different from the US stock market's biggest trades. That is getting harder. South Korea and Taiwan ETF assets have climbed over those of China-focused funds, according to Strategas ETF Research. That shift moves the center of gravity in emerging-market ETFs toward two of the world's most import...