MSCI Emerging Market Index Is Outright Expensive: Morgan StanleyMani
Based on Morgan Stanley’s EPS estimate, the MSCI emerging market index is trading on a forward P/E of 14.5x, while consensus sees the market as trading on 11.9x, and hence, analysts at Morgan Stanley believe it is very expensive. Jonathan F Garner and colleagues said in their March 31 research note titled “The end of the emerging market equity bear or just a counter-trend move?” that they believe the recent rally will end soon.
Emerging market: still the worst area in global equities . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible