Exchange-traded funds tied to emerging-market equities rose on Thursday, extending a rally that has taken the group to their highest level in more than six years. The Vanguard FTSE Emerging Markets ETF rose 0.8% on Thursday, on track for its fifth straight daily gain, as well as its ninth of the past 10 sessions. The fund is trading at its highest level since August 2011. Thus far this week, the fund is up 3.5%, putting it on track for its biggest weekly gain since July. The fund is also set for its fifth straight weekly advance, its longest such streak since one ended August 2016. The iShares MSCI Emerging Markets ETF has seen similar strength of late, and it is also trading at its highest level since 2011. The move in emerging-market equities was apace with the move in the U.S. The Dow Jones Industrial Average rose 0.6% on Thursday while the S&P 500 was up 0.5% and the Nasdaq Composite Index rose 0.2%. All three were poised for their third straight daily gain.
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