Emerging Markets Equities
Data cutoff
Modeled fair value
VWO · Emerging Markets Broad Index
P10–P90P25–P75Median fair valueToday's market price = 100
Today’s price sits at the 13.0th percentile of modeled fair value — 87% of modeled scenarios put fair value above the market.
Axis widened to 40–180 to show the full modeled range; the published renderer axis of 40–170 would clip this distribution’s tails.
- Median fair value
- 116.0
- Upside to median
- +16.0%
- Last close
- $60.68
- Confidence
- moderate-high
index, market = 100
2026-09-01
77/100
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
blended- P90
- +40.0%
- P75
- +25.0%
- Median
- +11.0%
- P25
- -3.0%
- P10
- -20.0%
69% of modeled scenarios end positive.
blended economic-output/carry and valuation-convergence scenarios; long-run returns used only as priors
Three years, annualised
blended- P90
- +27.0%
- P75
- +18.0%
- Median
- +9.5%
- P25
- +2.0%
- P10
- -5.0%
annualized multi-year economic-output/carry and partial-valuation-normalization scenarios
Against the Treasury hurdle
- 1y Treasury
- 4.16%
- Expected excess
- +6.8%
- Basis
- direct
DGS1 is the preferred current investment-basis one-year hurdle; expected excess is modeled and not guaranteed.
Instruments
7 in this asset class
| Symbol | Valuation | Fair value | Last close | 1y modeled |
|---|---|---|---|---|
| VWO Emerging Markets Broad Index | +2.2Cheap | 116.0 | $60.68 | +11.0% |
| EMXC Emerging Markets Ex-China | —Unavailable | — | — | — |
| INDA India Index | —Unavailable | — | — | — |
| EWZ Brazil Index | —Unavailable | — | — | — |
| EWT Taiwan Index | —Unavailable | — | — | — |
| EWY South Korea Index | —Unavailable | — | — | — |
| EZA South Africa Index | —Unavailable | — | — | — |