
VWO: The Regime Change Emerging Markets Can't Ignore
VWO is a passive ETF, in my opinion an intelligent proxy of the emerging market (China included). Even today it has attractive valuations compared to developed markets, with a P/E of 16x thanks to an estimated EPS growth rate of about 16.5%. But valuations might not be enough, VWO could find itself trapped by post–Trump intervention macro dynamics in Venezuela and beyond.


















