Bull Run in Emerging Markets Starts to Make Bears Salivate
- Return on EM stocks is double developed markets so far in 2017
- Short interest rises to three-year high in large emerging ETF
JPMorgan's Bell Sees Opportunities in European Equities
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The first quarter is ending, and the tally is in: emerging markets are winning hands down.
Developing-market equities have handed investors a 12.4 percent return this year, twice that of developed stocks, for their best start to a year since 2012. A gauge of local-currency emerging-nation bonds is up 7.4 percent, more than three times as much as the Bloomberg Barclays global fixed-income index. The gains have been so strong that short sellers are now piling on bearish bets.