Emerging Stocks Most Preferred to Rich Nations Since 2013: ChartBy
Investors are paying the most in more than three years to own emerging-market stocks rather than developed-nation equities. Expectations the Federal Reserve will keep interest rates lower for longer and signs of economic stability in China have pushed analysts to raise their profit estimates for companies in the MSCI Emerging Markets Index to an eight-month high. The gauge trades at 12.65 times the projected earnings of its members, a 23 percent discount to developed-market shares, the lowest since April 2013.
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