Value strategies are still outperforming in emerging markets, even as heavy interest in cheap stocks has made it hard to find value in more developed markets, but which region offers the best deals depends on which stock screen you look at, though long-short strategies are outperforming long-only and short-only strategies in all EM regions. Citi analysts’ Graham & Rea stock screen Graham and James Rea (Graham’s partner in conducting the studies) is up 1.1% this month, with 1.2% gains in Asia, 0.5% gains in EMEA, and no growth in Latin America, following a year of strong growth in EMEA and Latin America. The long-short Graham…