IShares MSCI Emerging Markets ETF ( EEM ) jumped 3.9% in March. "While the tone and its reception was a little more hawkish, the chairwoman remarked that the policy stays unchanged," said Patrick Jamin, chief investment officer for NorthCoast. Enticing Prospects Overseas Also during the month, Mario Draghi, president of the European Central Bank, revealed that the ECB is prepared to take more policy measures if inflation falls lower than expected.