What’s Working In Emerging Markets Based On Graham, Greenblatt

Last week, iShares MSCI Emerging Markets Indx (ETF)(NYSEARCA:EEM), the most actively traded ETF focused on emerging markets, received an order worth $1.6B – its largest single order ever. Investors are zooming in on battered emerging market stocks that are offering highly cheap valuations said to be out of sync with their fundamentals. The U-turn in their psyche is starkly apparent from the fact that whereas they withdrew over $58 billion from emerging markets during the first quarter of this year, they pumped in $4.7 billion into emerging market stock and debt funds during the week ended April 9, according to…