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May 08 2015

Emerging Markets: Close… But Not Quite

  • May 8, 2015

Emerging Market stocks are probably the cheapest equity subgroup in the world today, trading at 13.0x our 5-Year Normalized EPS estimate—much lower than that of foreign Developed Markets (17.6x) and the S&P 500 (21.3x). But, EM stocks have languished near these valuation levels for almost three years.

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager