Emerging Markets have had a lousy 2013.
The threat of tapering by the U.S. Federal Reserve, the biggest emerging-market currency sell-off in five years and improving prospects for the developed markets of the United States and Europe have made emerging markets the red-headed step child among investors.
Emerging-market bond funds have seen 14 straight weeks of outflows, with investors withdrawing $4.56 billion in August alone, according to EPFR Global. Emerging market equity funds have hardly fared better.
But here’s the thing about emerging markets.
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