Emerging Vs. Developed Markets Allocation Strategy
Nov
06
2020
Time For EM Stocks?
On the basis of both Normalized P/E and Price/Book, there’s plenty of runway for EM stocks if they get back to even the midpoint of their 20-year valuation range. Rising commodity prices and a weak dollar would obviously help, and we expect both in the year ahead.
Aug
07
2014
Time To Rethink EM?
We slashed the Core Fund’s Emerging Market equity position in 2011, a decision that paid off handsomely until very recently. Is it time to rebuild EM exposure?