Bullish Case: Emerging markets remain attractively valued, with potential boosts from favorable geopolitical changes, robust trade growth, and potential for policy easing in the 'BRICS' nations, leading to an economic rebound and higher VWO prices.


Bearish Case: Persistent underperformance of emerging markets due to ongoing political instability, trade conflicts, and slower economic reforms could lead to further decline in VWO's performance.


Potential Outcomes:

1. 60% probability: VWO maintains current levels as market absorbs international influences without significant changes.

2. 30% probability: VWO declines by 5-10% amid continuing emerging market volatility.

3. 10% probability: VWO increases by 5% on unexpected positive economic news from 'BRICS'.


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April 24, 2024


Vanguard Group, Inc. - Vanguard FTSE Emerging Markets Forecast

VWO        Vanguard Group, Inc. - Vanguard FTSE Emerging Markets
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











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