Is now the time to take another look at the emerging market asset class?
Emerging markets have carried on where they left off last year – falling. The MSCI emerging markets index had dropped 6.6% last month (as of January 30), lagging behind equity markets in the US, Europe and Japan. This continued the underperformance that has lasted since emerging markets peaked versus developed markets in October 2010, while last year they underperformed US equities by 23% in index terms.