106 days ago • Posted by William Ramstein

UBS has high expectations for EM stocks

UBS Wealth Management changed its preference in equities to developing countries, which are more sensitive to global growth and are cheaper than developed markets. MSCI Inc.’s EM index trades at 16X expected earnings in the next 12 months, far below a P/E ratio of 22X for the S&P 500 and less than the 17X for the Stoxx Europe 600. Source: Bloomberg