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Article: Emerging Markets Grow Up.
- Article from:
- Kiplinger's Value Added Web Column
- Article date:
- September 5, 2006
CopyrightCOPYRIGHT 2006 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Steven Goldberg, Kiplinger Washington Editors
When emerging markets plunged 26% from mid May to early June, Wall Street strategists were quick to pen obituaries. Emerging markets were simply too risky, they wrote. Sensible investors should stick to multinational plays on developing nations -- safe stocks such as Altria, Coca-Cola and Yum Brands. But the death notices turned out to be dead wrong. Emerging markets have already bounced back. The MSCI Emerging Markets Index has gained 19% since its June 9 low.
The performance in recent years is breathtaking. The average emerging markets fund has returned 12% so far this year -- nevermind the selloff. ...