Salient to Investors:

Joseph Dayan at BCS Financial said the panic is abating and investors are moving back to riskier assets such as emerging-market equities as investors quickly realized that Cyprus in not a precedent for peripheral European countries and that deposits in mainstream financial systems remain off-limits.

The MSCI Emerging Markets Index is at 10.8 times projected earnings versus the MSCI World index at 14.2 times.

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