Oil continues to rally aggressively along with most EM country-based ETFs. However, that rally isn’t universal as Indonesia has lagged badly. There’s also been a lot of pain in the yield-chase type sectors: REITs, Mortgage REITs, MLPs, Real Estate, and Utilities are all among the worst performers along with long-term Treasury bonds and the USD. Developed markets have done quite well along with most of EM, and the Energy complex generally (including E&P companies) has also benefited from higher oil.
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