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.