

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ: FEMS - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $45.53 and traded as high as $45.99. First Trust Emerging Markets Small Cap AlphaDEX Fund shares last traded at $45.7550, with a

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ: FEMS - Get Free Report) shares crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $42.32 and traded as low as $42.19. First Trust Emerging Markets Small Cap AlphaDEX Fund shares last traded at $42.43, with a

FEMS offers investors an option to invest in some potential alpha generating small-cap equities in diversified sectors in the emerging market economies. 70 percent of FEMS's investments are in Turkey, Taiwan, China, and Brazil. 65 percent is invested in basic materials, energy, industrial & technology sectors.

The iShares MSCI Emerging Markets Small-Cap ETF invests based on the MSCI Emerging Markets Small Cap Index. The First Trust Emerging Markets Small Cap AlphaDEX ETF invests based on the NASDAQ AlphaDEX Emerging Markets Small Cap Index.

Investors looking at emerging markets and having an “aha moment” might be wondering if a bounceback play is in the works. While it's possible, headwinds abound, making it necessary to look at the opportunity with a discerning screener.

Past experience shows us that emerging markets have historically reacted positively to higher global rates, especially if the latter reflects an improving global growth outlook. Most emerging markets will start normalizing rates well before the U.S. and developed markets.

Emerging markets are poised to soar, but avoid political landmines with small-cap stocks.

Today, China's economic recovery continues ticking along, and we are even seeing some indicators showing growth relative to last year.