A Rougher Road for Emerging Market Stocks

After five years of strong gains, deteriorating fundamentals have led to profit taking in emerging market equities. But some regions are still outperforming

While emerging market (EM) economic momentum continues, we think decelerating growth in the United States, Europe, the United Kingdom, Canada, Japan, and other developed economies is giving rise to concerns that slowing export demand will pressure profit growth for emerging market multinationals.

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