Wall Street Is Getting More Positive About Emerging Markets
- Morgan Stanley, Citigroup also see improved fundamentals
- Investors getting more selective, not junking the asset class
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This year won’t see a re-run of nightmare on EM street.
That’s the growing message from Wall Street, at least three of whose leading banks have been singing the praises of emerging markets, as well as more than a few money managers. And now, a former central banker has joined the chorus.