Will emerging markets make a comeback in 2014? It may seem unlikely given the losses seen during the summer, but some strategists and fund managers think so.
Investor nervousness sparked by the US government shutdown and looming debt ceiling have capped the gains of stocks, bonds and currencies in the developing world, but September was nonetheless a positive month for most markets.
And many analysts have turned “tactically bullish” on emerging markets since the Federal Reserve last month unexpectedly delayed its decision to taper monetary stimulus, predicting healthy gains once the uncertainty is lifted.
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