The case for emerging markets

The case for emerging markets

Are emerging markets a bargain right now? The instinct is right, as developing-country indexes have taken a serious thumping this year. Year-to-date, Argentina’s main index is down 51%. China’s is down 63%. Russia is down 68%. Overall, the MSCI Emerging Markets index is down 52% year-to-date, versus *just* a 34% drop for the SP 500.
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