Importantly, data suggest emerging markets stocks remain attractively valued.
“As for the forward price-earnings ratio, which crossed 13 last week for the first time since 2010, investors are getting a better bargain today than they did before Donald Trump won the U.S. presidential election in November 2016. They are also paying much less to lay their hands on the the MSCI member companies than they did on average in the past 13 years for which records exist,” reports Bloomberg.
Year-to-date, 140 ETFs are up at least 10% and nearly 30 of those are emerging markets funds.
For more information on the developing economies, visit our emerging markets category.