TREE NEWS reports: Emerging-market ETFs closed up 1.29% on Friday, October 2, leading US asset-class ETF gains alongside the Nasdaq 100 ETF’s 1.02% rise. The Barclays US convertible bond ETF added 0.98%, the Russell 2000 ETF 0.9%, the S&P 500 ETF 0.74% and the Dow ETF 0.49%. The US dollar index long fell 0.24%, the 20+ year Treasury ETF 0.3%, the gold ETF 0.68% and the VIX long 2.19%.
Emerging-Market ETF Rises 1.29%, Leading US Asset-Class ETFs With Nasdaq 100
The standout here is the pairing: emerging-market equities outpacing US large-cap tech on the same session, while long-dollar and long-volatility positions sold off together. That combination points to a broad risk-on bid rather than a rotation into any single story, with the dollar's softness doing much of the work for non-US assets. Convertibles and small caps tracking close behind suggests the move was not confined to mega-cap leadership. Whether the dollar's decline persists is the open question, since EM leadership has tended to fade quickly when it reverses.
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