FYI: Long-suffering emerging markets fund managers are looking to party like it’s 2004. That was a so-so year for the U.S. The invasion of Iraq bogged down, and the Standard & Poor’s 500 index crept forward by 7%. But for developing-world stocks, it was the second year of a five-year run of strong outperformance. The MSCI Emerging Markets Index increased by nearly five times from October 2002 to October 2007, while the S&P advanced a mere 88%.
Regards,
Ted
http://www.cetusnews.com/business/EM-Rally-Could-Party-On.rJYCm9EngKWf.html
