AllianceBernstein: Earnings Drive Emerging Market Stocks
Emerging market stocks have soared this year after years of under performance. For example, while th S&P 500 is up just over 14% YTD Brazil’s Bovespa has increased by nearly 28%. The year-to-date returns of some of the emerging markets are shown below: India’s Bombay Sensex: 21.8% Chile’s Santiago IPSA: 28.6% Argentina’s Merval: 60.4% Other major …
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