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 30.1th percentile of modeled fair value — 70% of modeled scenarios put fair value above the market.
- Median fair value
- 106.9
- Upside to median
- +6.9%
- Last close
- $61.14
- Confidence
- moderate
index, market = 100
2026-09-21
60/100
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
- +33.4%
- P75
- +21.8%
- Median
- +9.0%
- P25
- -3.8%
- P10
- -15.4%
68% of modeled scenarios end positive.
Building blocks: about 2.8% dividend yield plus about 9% forward EPS growth plus modest partial valuation convergence; dispersion from EM equity volatility including currency.
Three years, annualised
modeled- P90
- +22.4%
- P75
- +15.7%
- Median
- +8.3%
- P25
- +0.9%
- P10
- -5.8%
Building blocks with slower earnings growth and one-third valuation convergence over three years.
Against the Treasury hurdle
- 1y Treasury
- 4.45%
- Expected excess
- +4.6%
- Basis
- proxy
Modeled spread of the 1-year median expected return over the 1-year Treasury par yield; not a guaranteed excess return.
Instruments
7 in this asset class
| Symbol | Valuation | Fair value | Last close | 1y modeled |
|---|---|---|---|---|
| EMXC Emerging Markets Ex-China | —Unavailable | — | $102.09 | — |
| EWT Taiwan Index | —Unavailable | — | $115.64 | — |
| EWY South Korea Index | —Unavailable | — | $189.16 | — |
| EWZ Brazil Index | —Unavailable | — | $38.07 | — |
| EZA South Africa Index | —Unavailable | — | $68.23 | — |
| INDA India Index | —Unavailable | — | $48.50 | — |
| VWO Emerging Markets Broad Index | +1.2Somewhat cheap | 106.9 | $61.14 | +9.0% |