World’s largest asset manager, BlackRock, says emerging markets “Unambiguously Cheap”

English: BlackRock Group Licensing: Category:I...

English: BlackRock Group Licensing: Category:Images of Manhattan (Photo credit: Wikipedia)


Oh man, to be bearish or bullish is just such a difficult question. I think I am going to hit Soi Cowboy, here in Bangkok, the sex tourism street, and look at the girls for inspiration. CNBC reports, “This has not been a vintage year for emerging markets. The once all-conquering BRICs look in disarray. Brazil and India have seen inflation soar and the value of the real and rupee decimated,Russia is suffering from slowing demand for its exports, and even mighty China’s growth is sputtering. Yet optimism about a rebound is building, despite a stronger headwind from the dollar and a slowdown in some countries’ growth. Emerging markets are “unambiguously cheap” right now, according to Russ Koesterich,global chief investment strategist, BlackRock. “We will see some better performance”,” he said. “The issues there are real. The question for investors is how much is this reflected in price? EM currently trading at about a 35 percent discount to developed markets. Historically, that’s been a good entry point.” There could also be opportunities as emerging markets become more realistically priced. BlackRock, Inc. is an American-based multinational investment management corporation based in New York City. As the world’s largest asset manager, BlackRock is a leading provider of investment, advisory and risk management solutions. The company acquired Barclays Global Investors in December 2009, solidifying its position as the largest investment manager in the world. As of September 30, 2012, BlackRock had $3.67 trillion in assets under management. (Source)



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