GDP Leaves False Trail in Emerging Equities

Morgan C. Harting (pictured) and Nelson Yu

Many investors in emerging markets (EMs) believe that identifying the fastest-growing economies is the key to finding higher returns. But while this approach has been effective in fixed-income investing, our research shows that it’s fairly useless for guiding country selection in developing-market equities. (more…)

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In EM, Beware Commodity Riches Without Policy Smarts

By Fernando Losada (pictured) and Alexander Perjessy of AllianceBernstein (NYSE:AB)

Fixed-income investors often divide emerging markets into commodity exporters and commodity importers. We think this overlooks an important reality: commodity wealth is not the sole—or even the most important—driver of EM performance. (more…)

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