Depressed Valuations in Emerging Markets Offer Opportunities
Most EM stocks are trading at big discounts to those in developed markets, especially the U.S., but managers caution that the gap won’t close overnight.
Robert Stowe England
December 30, 2014
Bloomberg Photo Service 'Best of the Week': Unleaded fuel is delivered to a bulk tank on a farm in Walnut, Illinois, U.S., on Wednesday, Dec. 10, 2014. Gasoline supplies rose 8.2 million barrels to 216.8 million in the week ended Dec. 5, the biggest gain since the week ended Sept. 21, 2001. Inventories of distillate fuel, a category that includes diesel and heating oil, climbed 5.58 million to 121.8 million, the biggest increase since January. Photographer: Daniel Acker/Bloomberg
Daniel Acker/Bloomberg
