REUTERS/Henry Romero
- This year’s weakness in EM equities has opened up a disconnect between prices and fundamentals.
- There are some signs that pressures from a firmer dollar are abating.
- Potential further tightening in financial conditions calls for greater selectivity.
A shakeout in emerging market (EM) equities has created value in a world where good quality value is scarce. EM equities do face increased tail risks such as tightening financial conditions and ripples from U.S.-China trade tensions. Yet we believe current valuations and strong earnings growth offer investors ample compensation for these risks.
BlackRock Blog
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