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The opportunity for emerging market stocks is still some ways off

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The prospects for emerging markets are very appealing on a secular basis. The performance in the equity markets from countries in Emerging Asia to Latin America has been impressive for the better part of the last decade. A torrid pace of economic activity, growing per capita incomes, improved fiscal conditions, and overall global growth have helped to foster an environment for investments in these markets to flourish.
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A warning for emerging market investors

To state that many of the world's fastest growing economies are found in the emerging market countries of Asia and Latin America is hardly a revelation at this juncture. Additionally, it is widely known that the performance of the equity markets throughout these continents has been exceptionally strong for years. In fact, the MSCI Emerging Market index has returned better than 13% (without dividends) on an annualized basis for the last decade, while the S&P 500 and MSCI EAFE indices - proxi...