Emerging ETF Climbs From Five-Month Low on U.S. Spending

The iShares MSCI Emerging Markets Index exchange-traded fund rebounded from a five-month low after a report showing an increase in American consumer spending outweighed concern the Chinese economy is slowing.

The ETF rose 0.9 percent to $38.13 at 4 p.m. in New York. The MSCI Emerging Markets Index fell less than 0.1 percent to 936.37, extending the worst start to a year since 2009. The Borsa Istanbul 100 Index climbed from the lowest level since July 2012. Brazil’s real led gains in currencies after the central bank said it will offer $2.3 billion of foreign-exchange credit lines to support the currency. The Shanghai Composite Index sank as data showed China’s manufacturing contracted.