The Week in Emerging Market Volatility – 6/28/2013

It appears emerging market volatility in the form of VXEEM and VXEWZ both are indicating the beginning of a return to a low volatility environment.  The Brazilian market had a chance to catch its breath and was down less than 1% last week.  This resulted in VXEWZ coming in 16%, but the futures were down much less as those markets had been anticipating a drop.  EEM finished up 3% on the week and VXEEM slid accordingly dropping 17%.  Just like the VXEWZ curve VXEEM futures pricing was at a significant discount to the index a week ago and lost a fraction of the index on the week.

VXEEM VXEWZ

The posts on this blog are opinions, not advice.
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