EEM isn't of the same composition as it was in the good ol' 2000s. Today, China and Taiwan make up approximately 52% of EEM, whereas in 2005 it was only about 25%.
Today:
Taiwan Semiconductor Manufacturing Co Ltd 6.41%
Tencent Holdings Ltd 5.59%
Alibaba Group Holding Ltd 5.30%
Samsung Electronics Co Ltd 4.24%
Meituan 1.67%
Naspers Ltd Class N 1.20%
Reliance Industries Ltd Shs Dematerialised 0.93%
China Construction Bank Corp Class H 0.92%
Vale SA 0.90%
JD JD.Com Inc 0.81%
If a breakout in EEM happens, it is really a story of China, Taiwan, and South Korea. Are they really "emerging"? Where are the South American and African equities? And the South-East Asian countries?
Today:
Taiwan Semiconductor Manufacturing Co Ltd 6.41%
Tencent Holdings Ltd 5.59%
Alibaba Group Holding Ltd 5.30%
Samsung Electronics Co Ltd 4.24%
Meituan 1.67%
Naspers Ltd Class N 1.20%
Reliance Industries Ltd Shs Dematerialised 0.93%
China Construction Bank Corp Class H 0.92%
Vale SA 0.90%
JD JD.Com Inc 0.81%
If a breakout in EEM happens, it is really a story of China, Taiwan, and South Korea. Are they really "emerging"? Where are the South American and African equities? And the South-East Asian countries?