The Bright Side of the Emerging-Markets Correction
Valuations look better, and we've identified three emerging-markets bargains.
As emerging-markets stocks have tumbled over the past month, I just can't help smiling. The reason for my sadistic happiness: I'm finally beginning to see a few good values among our favorite emerging-markets stocks, when only a few weeks ago there were very slim pickings.
It Has Been Quite a Party
Emerging-markets stocks have enjoyed a prolonged party over the past few years. Our data show that through June 16, the average emerging-markets stock fund had produced a total return of more than 30% annually over the last three years, a little more than 20% per annum higher than the S&P 500 over the same time frame.
Ryan Batchelor has a position in the following securities mentioned above: CX, FMX. Find out about Morningstar’s editorial policies.