Salient to Investors:
Kim Dae Young at KB Asset Mgmt said concerns about China’s recovery are prompting investors to take profits.
The MSCI emerging-markets index is at 10.2 times projected 12-month earnings versus 13.2 times for the MSCI World.
Benoit Anne at Societe Generale said there are more bears than bulls for the first time since June 2012, a dramatic change from the extremely high bullishness just a couple of months ago.
Free email alerts of articles as soon as they are posted.