AVEM is trading 4.9% down today as investors pull back from emerging-market equities amid a broader global risk-off move and caution ahead of key U.S. inflation data.
- The decline follows a strong multi-day advance, with traders turning cautious before Thursday’s U.S. PCE inflation report, which could influence Fed rate expectations.
- Weakness across emerging-market benchmarks and correlated assets is pressuring the fund more than major U.S. indices early in the session.
- Broader global risk-off sentiment is weighing on risk assets generally, contributing to the sharp reversal in emerging-market sentiment.