The EM Story: Part 2

by Michael J. Howell28. November 2012 13:32

Our more positive stance towards EM equities since mid-summer largely rested on evidence that the huge capital outflows had at least stopped. Latest data for October show a pick up in EM inflows, with India being a clear beneficiary. As previously argued, 'Risk On' phases typically see large pro-cyclical inflows into EM. 2013 is stacking up to be 'good'.

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