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Emerging Markets Equities

Data cutoff intraday
All research on Emerging Markets Equities
Modeled fair value
VWO · Emerging Markets Broad Index
+1.4Cheap
406080100120140160180200FAIRMARKET
P10–P90P25–P75Median fair valueToday's market price = 100

Today’s price sits at the 27.2th percentile of modeled fair value 73% of modeled scenarios put fair value above the market.

Median fair value
111.0
index, market = 100
Upside to median
+11.0%
Last close
$60.34
2026-08-13
Confidence
moderate-high
79/100
Modeled returns

Return distributions, not point forecasts

Percentiles describe the spread of scenario outcomes under the stated method. The width of the range carries as much information as the midpoint.

One year

modeled
P90
+48.0%
P75
+30.0%
Median
+13.0%
P25
-7.0%
P10
-22.0%

66% of modeled scenarios end positive.

Scenario return distribution anchored to current economic value, income/carry where applicable, and partial valuation convergence; not a long-run-average forecast.

Three years, annualised

modeled
P90
+24.0%
P75
+17.0%
Median
+9.0%
P25
0.0%
P10
-9.0%

Annualized multi-year scenario distribution using current fair value, economic carry/growth, and gradual rather than forced normalization.

Against the Treasury hurdle

1y Treasury
4.00%
Expected excess
+9.0%
Basis
direct

DGS1 is the preferred current annual investment-basis hurdle; modeled expected excess is not guaranteed return.

Instruments

7 in this asset class

SymbolValuationFair valueLast close1y modeled
VWO
Emerging Markets Broad Index
+1.4Cheap111.0$60.34+13.0%
EMXC
Emerging Markets Ex-China
Unavailable$97.45
INDA
India Index
Unavailable$49.98
EWZ
Brazil Index
Unavailable$33.77
EWT
Taiwan Index
Unavailable$107.50
EWY
South Korea Index
Unavailable$178.62
EZA
South Africa Index
Unavailable$67.33