Pod: Acorn Stock Take: Part 2 EM Edition

The Weekend Notes:

'Stock Take' (Part 2) - The EM Edition

The Visuals and Links:

A reminder that big changes coming to Blind Squirrel Macro at the end of June. If you missed the earlier email, details can be found in the post linked below.

The 🐿️ is going dark

Both the EEM and EMXC ETFs have in fact seen net outflows notwithstanding being up YTD 14% and 12%, respectively.

Not sure how the Forward Guidance podcast came up with that title. I just said that BYD would start selling a lot of cars outside of China!

The Blind Squirrel’s China Consumer Basket

First Pacific has comprehensively outperformed ASEAN equities since initiation.

Updated Top 10 holdings of The Mexico Fund (as at 5/31/25)

Like Brazil, Mexico may have a bit of a re-emerging inflation problem. Something to keep an eye on.

Zooming out to the monthly chart is even more interesting. It looks to me like a clear breakout of downtrend that has been in place since the financial crisis.

Music from Max Slorach. Find him at:

email: maxonsaxentertainment@gmail.com / web: maxonsax.com.au

Thanks for listening!

Squirrel Out!

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