Contrarians find emerging opportunities
Emerging markets have gone from darlings to underdogs, but attractive valuations provide a good entry point for long-term investors.
Over the last three years, emerging markets have made the transition from “darlings” to “underdogs” in the collective mind of global investors.
The long-term attractions of the likes of the BRIC countries have quickly been written off and replaced by terms such as the “Fragile Five” (comprised of Brazil, India, Indonesia, South Africa and Turkey) and talk of a return to the crises of the 1990s.
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