Emerging Market Out-Earned Developed Market, Didn’t Meet ExpectationsMani
The emerging market has out-earned the developed market when compared to the earnings peak witnessed in 2007/2008, though its multiples have contracted, reports Citi.
Markus Rosgen and Yue Hin Pong of Citi thus feel emerging markets did well, but should have done better.
Emerging market earnings vs valuation
Markus Rosgen and team point out that the emerging market’s earnings are 14% above their . . .
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