Emerging Stocks Rise on Prospect of ‘Super-Goldilocks’ Economy

Emerging-market stocks climbed for a seventh day as Citigroup Inc. predicted a “super-Goldilocks” economy will send shares to record highs next year and investor Mark Mobius said the rally faces no risks any time soon.

The MSCI Emerging Markets Index will jump 30 percent to an all-time high in 2011, Citigroup strategist Geoffrey Dennis wrote in a Nov. 4 report. The Federal Reserve’s bond-purchase plan will fuel a global stock rally and emerging markets are the “bright spot,” Mobius, who oversees about $34 billion at Templeton Asset Management Ltd., said in an interview.