Acorn - Long DVYE
Am I dropping a rock on my foot?
Originally published December 20th 2022.
We are happy subscribers to Jared Dillian’s Daily Dirtnap newsletter. Jared drew our attention to DVYE just as we were starting to re-enter the EM trade with Brazil earlier this year. He has a terrific way with words, and pithily described the ETF as follows: “You’re short USD, long EM, long dividends, and long stuff that hurts if you drop it on your foot. Sounds like a great trade.” The 🐿️very much liked the sound of that. Let’s dig in.