The EmergingMoney Global EM Index (EMEGI) is a market cap weighted but smoothed index offering exposure to the top multinationals operating in EM.
The index is -3.3% YTD (+12.4% Y/Y 52week) as currency headwinds and slower Chinese growth has plagued many of the players in the index.
Index heavyweights FedEx (FDX, quote), 3M (MMM, quote) and Anheuser Busch (BUD, quote) have performed in line with the index, whereas industrial names, Fiat (FIATY, quote) and Caterpillar (CAT, quote) have surprisingly outperformed intraday returns on EM Global EM Index.
