However, Barclays warned that investors should not treat all emerging countries equally. For instance, Brazil, which Barclays expects to bottom out soon, is in a correction, along with Greece, Russia and China.
“While acknowledging the expansion will remain below the long-term trend, Goldman Sachs forecasts that developing economies will grow 4.9 percent next year, up from an estimated 4.4 percent in 2015, the first acceleration since 2010,” according to Bloomberg.
Vanguard FTSE Emerging Markets ETF
Tom Lydon’s clients own shares of EEM.