Emerging-Market Rally Is Just the Beginning, Top Investors Say
As stocks head for best year since 2009, investors pile in
Emerging-market assets still trail developed peers long-term
Ben Bartenstein and Daniela Guzman
The two-year rally across emerging-market assets is just the beginning, according to some of the world’s largest investors.
Money managers at shops from Franklin Templeton to BlackRock Inc. are betting that developing-nation stocks and bonds will continue to appreciate in the months and years ahead as they catch up from more than half-a-decade of underperforming U.S. assets.