Emerging Markets Equities
Today’s price sits at the 29.0th percentile of modeled fair value — 71% of modeled scenarios put fair value above the market.
- Median fair value
- 114.0
- Upside to median
- +14.0%
- Last close
- $60.64
- Confidence
- high
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
- +30.0%
- P75
- +22.0%
- Median
- +9.5%
- P25
- -1.0%
- P10
- -18.0%
71% of modeled scenarios end positive.
Modeled total-return scenarios combining earnings/dividend carry and partial valuation normalization with broad country, currency and commodity dispersion.
Three years, annualised
modeled- P90
- +16.0%
- P75
- +13.0%
- Median
- +8.0%
- P25
- +3.0%
- P10
- -5.0%
Modeled total-return scenarios combining earnings/dividend carry and partial valuation normalization with broad country, currency and commodity dispersion. Three-year annualized scenarios use wider partial-normalization horizons.
Against the Treasury hurdle
- 1y Treasury
- 4.04%
- Expected excess
- +5.5%
- Basis
- direct
DGS1 is the preferred current one-year investment-basis hurdle; expected excess is modeled and not guaranteed.
7 in this asset class
| Symbol | Valuation | Fair value | Last close | 1y modeled |
|---|---|---|---|---|
| VWO Emerging Markets Broad Index | +1.3Cheap | 114.0 | $60.64 | +9.5% |
| EMXC Emerging Markets Ex-China | +1.3Cheap | 114.0 | $98.35 | +9.5% |
| INDA India Index | +1.3Cheap | 114.0 | $50.23 | +9.5% |
| EWZ Brazil Index | +1.3Cheap | 114.0 | $35.88 | +9.5% |
| EWT Taiwan Index | +1.3Cheap | 114.0 | $105.40 | +9.5% |
| EWY South Korea Index | +1.3Cheap | 114.0 | $180.15 | +9.5% |
| EZA South Africa Index | +1.3Cheap | 114.0 | $72.51 | +9.5% |