Emerging market equities have been sliding most of this year because investors have wanted to take advantage of recovering developed market equities and avoid the unintended side effects of tapering as much as possible. Anytime there’s a mass exodus from one type of asset, value investors should take a second look to see if there are quality stocks being seriously undervalued, but they might not have to invest in emerging market stocks to gain EM exposure. A few years back, Citi developed a basket of DM companies with an average 60% revenue exposure to emerging market economies. Commodities like oil…