(Bloomberg) — An investor who’s consistently topped peers betting on stocks in the developing world says the asset class has never looked so promising.Leon Eidelman, whose $7.4 billion JPMorgan Emerging Markets Equity Fund has trounced 96% of peers through five years, said the firm forecasts 18% annualized returns for a basket of some 1,200 developing-nation stocks over the next half decade. The JPMorgan model jumped to an all-time high last month. He says his fund, which has about half its money in China and India, will do even better.About 19% of Eidelman’s portfolio is invested in four Asian technology firms: …read more
Source:: Yahoo Finance
