XGD was down 2.5% today. MML was down 1.5%... So I wouldn't fret...

XGD was down 2.5% today. MML was down 1.5%...

So I wouldn't fret too much.

If I had to guess I imagine there is some uncertainty about the new Philippines president coupled with some uncertainty about whether MML will hit their guidance this quarter after such a huge miss last quarter.

If they do hit guidance and and Duterte doesn't do anything too crazy in the first 3 months of his presidency I think MML will be MUCH higher at year's end.