After an horrific 2013 relative to the developed world, emerging markets fell even harder in January. Slowing China. Contagion in the Pacific Basin. Instability in South America. They were left for dead, especially in the media. But a funny thing happened on the way to the embalming parlor. Sellers became scarce even with the powder keg in the Ukraine. Buyers began to step up and the MSCI Emerging Markets Index has rallied 8% over the past month. In my 2014 […]
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