Salient to Investors:
- Jonathan Garner at Morgan Stanley said the problems are more than just reaction to a Fed tightening, but include declining relative return on equity compared to developed markets.
- The Russian Micex is at 5 x estimated earnings, the cheapest in emerging markets.
- The MSCI Emerging Markets Index is at 10.9 x estimated earnings versus 14.8 x for the MSCI World Index.
- BNP Paribas lowered its rating on the Hang Seng China Enterprises gauge .
Read the full article at http://www.bloomberg.com/news/2014-09-25/emerging-stocks-drop-with-currencies-on-concern-over-u-s-rates.html
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