For the latest ETF industry news, please refer to our “Asia ETF Roundup (Industry) – September 2020”.
Major Markets Performance
Global markets reversed course in September. The Morningstar Global Markets Index dropped by 3.1%. The S&P 500 and Nasdaq notched new highs early in the month, but subsequently slipped. The Morningstar US Market Index corrected 3.7% in September. Emerging markets stocks generally followed suit. Chinese equity markets corrected 3.8% during the month, while Brazil, Indonesia, Russia and Thailand posted larger losses ranging from 7% to 12% (proxied by their respective Morningstar indexes in US dollar terms).
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