EMs ‘most undervalued’ in 13 years

Apr 16, 2014

Investors remain heavily underweight emerging market stocks, with India one of the few countries in favour, finds Bank of America Merrill Lynch’s fund manager survey.

Global investors may have pared back their extreme underweight positions on emerging market equities, but they remain nowhere near overweight, according to Bank of America Merrill Lynch’s monthly fund manager survey. The asset class is seen as the most undervalued it has been in 13 years.

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