MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 27, 2009 Bubble Fears Loom Over Emerging-Market Stocks In Monday's Wall Street Journal Fund Track, Dominic Elliott and Elizabeth Pfeuti zero in on the record surge of money flowing into emerging market stocks amid strategists' concerns of a bubble. Elliott and Pfeuti cited data from EPFR Global, which show that global investors sunk $35.5 billion into emerging-stock funds in the first half of the year. Meanwhile, investors yanked $61.1 billion from developed-stock market funds. French bank Société Générale issued a warning for the second time in nearly 15 years over the robust performance of emerging-market stocks. According to the bank, the last time the valuation measure stood at a premium over the developed world was from mid-2006 to mid-2007. Emerging-market equities then fell 67 percent over a 12-month period until November 2008. Monday's column quoted Jim O'Neill, Goldman Sachs' chief economist. Printed from: MFWire.com/story.asp?s=22158 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |