The emerging-market equity benchmark rose to a record, topping its previous high reached before the 2008 financial crisis, as a flood of liquidity and optimism over a global economic rebound fuel risk appetite.
The MSCI Emerging Markets Index rose 2.4% to 1,353.53 points as of the Friday close, extending its recovery from the March rout to 80%. The milestone comes after stock valuations and market capitalization both reached record highs in a rally that’s added $10.8 trillion in a little over nine months, the fastest bout of wealth creation in the history of emerging markets.
