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Emerging Markets News: Emerging Market Stocks Take a Dive, While Colombia Sees Growth in Q2

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Plus, Brazil's inflation rises because of food prices, and more.

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Business Week
Link: Emerging-Market Stocks Drop Most in Two Months on China
"The MSCI Emerging Markets Index (NYSEARCA:EEM) lost 1.1% to 998.27 in New York, the steepest slide since July 23. Mexico's IPC Index retreated the most in three weeks, with Grupo Aeroportuario del Pacifico SAB (NYSE:PAC) posting the biggest decline in four months. The Shanghai Composite Index (SHA:000001) tumbled 2.1% to the lowest level since February 2009. OAO Mechel (NYSE:MTL), the Russian coal producer, sank 3.8% in its fourth day of losses.

"Growth continues to disappoint, particularly in China and the EU, and that is the fundamental driver of global risk perception.

"The Chicago Board Options Exchange Emerging Markets ETF Volatility Index, a measure of options prices on the fund and expectations of price swings, declined 3.7 percent."

beyond brics
Link: What Slowdown? Colombia Q2 Growth Hits 4.9%
The recently-appointed finance minister, Mauricio Cárdenas, announced Thursday in Bogotá that Colombia's gross domestic product grew 4.9% in the second quarter, after expanding only 4.7% in a rocky first quarter that was held back by weak growth of industry, oil output, and exports.

Latin America's third-largest economy – at least according to Colombia – has been experiencing an impressive growth in recent years, boosted by a rampant oil and coal production as well as consumer spending. The economy grew almost 6% last year, and Cárdenas forecasts an expansion of between 4.7 and 5% in 2012.

Emerging Markets Daily
Link:
FUND TALK: A Closer Look at New China Dividend ETF With WisdomTree Research Director Schwartz
"WisdomTree launched a China Dividend ETF (NASDAQ:CHXF) this week, making it the ETF firm's second country-specific dividend ETF and the first within emerging markets.

"The company's aim was to offer investors a different way to access the Chinese market, providing more exposure to domestic-oriented companies not to mention smaller firms than some of the more dominant China-oriented ETFs, WisdomTree's Director of Research Jeremy Schwartz tells Barrons.com."
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