Emerging Market Stocks Set to Close August on Fire

As U.S. stocks have struggled to find solid ground in August amid geopolitical turmoil with North Korea and devastation following Hurricane Harvey, emerging market stocks continue to rise.

August was the eighth-straight month of gains for emerging market stocks. The iShares MSCI Emerging Markets ETF (EEM) has risen sharply since the start of this year, up nearly 30%. The S&P 500 Index has gained 9.7%.

The emerging markets ETF hit a 52-week high last Friday, likely because political uncertainty in the U.S. and a subdued dollar have made emerging markets, which have broadly improved their economic growth prospects this year, more appealing.

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