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What's Bad for the Dollar Is Good for This Vanguard ETF

The U.S. currency’s longest losing streak in more than six years helped whip up demand for emerging-market assets last week. Investors added $978 million to the Vanguard FTSE Emerging Markets exchange-traded fund over the past five days, the most in nearly five years, according to data compiled by Bloomberg. “Emerging market equities typically struggle in the face of a rapidly rising dollar and so conversely have benefited as this year’s consensus view for U.S. dollar weakens, along with evaporating expectations of a rise in U.S. interest rates,” Andrew Lapthorne, head of quantitative strategy at Societe Generale SA, wrote in a note to clients Monday.