Emerging Markets Jump 39.5% Since Early March

The MSCI Emerging Markets Index closed yesterday at its highest level since Oct. 14, 2008 (see graph above), and is heading for its seventh-consecutive weekly gain. The MSCI Emerging Markets Index has advanced in 27 out of the last 38 trading sessions, and is up by 39.5% from its early March low, and 16.9% year-to-date.