Emerging-Markets Equities: A Promise Half-Fulfilled
Their economies have astonished; their stock gains, not so much.
Hop into a time machine, journey to 1999. Much seems familiar. Technology companies are booming, discount brokers attract millions of new customers, and children teach their grandparents about the Internet. Perhaps, some speculate, the Dow Jones Industrial Average will reach 36,000. One thing, however, is quite different: American investors are intrigued by emerging-markets stocks.
John Rekenthaler has a position in the following securities mentioned above: MGEMX. Find out about Morningstar’s editorial policies.