Brighter Days Ahead for Emerging Markets?
Morningstar experts give their outlooks for this beaten-down segment of the market.
Let's take a flashback to January. If you had told a room full of investors and told them that between U.S. stocks and emerging-markets stocks one group would be in negative territory nine months later while the other was up more than 20%, a majority might well have guessed it would be U.S. equities that would be stuck in the doldrums. After all, the fiscal cliff, the budget sequester, and other issues were casting a pall over our economy at that time, while many assumed emerging markets would continue rolling along. Fast-forward to now and the reverse is true. U.S. stocks have sustained their rally heading into the fourth quarter while emerging markets have languished.
But even if some investors have soured on emerging-markets equities given concerns about slowing growth and poor performance so far in 2013, Morningstar experts who follow them remain guardedly optimistic about their long-term prospects, even if the near-term outlook remains cloudy.
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