Societe Generale: Are Emerging Markets Looking Cheap?

Emerging markets have been taking a beating, and whenever the crowd moves in one direction value investors have to ask themselves if it’s time to do the opposite. A note released today from Societe Generale’s global equity team suggested that it might be time to look for good deals, even though the overall trend is still downward and the risks are very real. Previous month for emerging markets “Last month was the worst month for emerging markets since May last year,” writes Andrew Lapthorne. “Several emerging markets saw double digit declines, principally through collapsing currencies. Thailand, India, Turkey, the Philippines,…