Morgan Stanley IM Says the Decade of Emerging Markets Has Begun
Stocks in emerging markets are set to be this decade’s winners, Morgan Stanley Investment Management said, adding to a chorus of investors who are souring on the U.S. in favor of other regions.
The fund manager is taking money out of US equities to add to its developing markets exposure, according to Jitania Kandhari, deputy chief investment officer and head of macroeconomic research for emerging markets at Morgan Stanley IM.
Source: Bloomberg (link opens in a new window)
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