Emerging market sell-off burns investors

Emerging market sell-off burns investors The emerging market sell-off of the past few days has been brutal and will have come as a great surprise to many investors who have been ploughing money into emerging markets at the expense of developed market exposure since Brexit. Emerging markets have enjoyed their strongest and longest outperformance in six years during 2016. According to the Financial Times, which cites data from BNP Paribas, emerging market stocks have outperformed their developed market peers by 12% in total return dollars year-to-date. According to Morgan Stanley, emerging market equities have seen ten straight weeks of hefty…