For Better or Worse?
Investors demonstrated a persistent affinity for emerging markets despite a tough year for EM-focused funds in 2011.
Investors were likely glad to see 2011 hit the history books, especially those who were positioned heavily in the emerging markets--and that's not a small group, even in spite of the regions' poor performance during the year.
How bad was it? Chinese equities were hammered in 2011, losing over 21%, while Brazil's main index was down 18%. Indian equities also had one of their worst years ever, as the country's benchmark 30-share Sensex plunged 23%.
Rouhan Sharma does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.