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Vanguard FTSE Developed All Cap ex North America Index ETF (VIU $39.75)
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Vanguard FTSE Emerging Markets All Cap Index ETF (VEE $41.88)
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Vanguard FTSE Europe ETF (VGK $79.57)
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SPDR EURO Stoxx 50 ETF (FEZ $60.85)
Q: Emerging Markets, Developed Markets, Europe or Bonds. Which represents a buying opportunity now? Which does one need to wait for a pullpack before buying ETF in these areas?
5i Research Answer:
With the usual risks in mind, we would see Europe and emerging markets as attractive right now. We are confident in North America, and certainly would not advocate and exit there, but other regions are cheaper, and there has been a money flow shift as well. We might hold off on bonds a bit, until we see if inflation is going to pick up with tariffs (so far it has not). VEE looks fine for emerging markets, VIU for ex-North America, FEZ or VGK for Europe.