This article was published in the June 2018 issue of Morningstar ETFInvestor. Download a complimentary copy of Morningstar ETFInvestor by visiting the website.
In "The Evolution of Emerging Markets," we discussed the past, present, and future of the composition and drivers of emerging-markets stocks. One of the more noteworthy developments that we highlighted was China's rise to prominence among emerging stock markets. When Chinese stocks were first included in the MSCI Emerging Markets Index in September 1996, they accounted for just 0.46% of the benchmark's value. As of March 2018, Chinese stocks made up 29.9% of the index's total market cap. Here, I will explore how the Chinese market has changed in the past 20-plus years.
Jackie Choy, CFA does not own shares in any of the securities mentioned above.
Ben Johnson, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.