By Nicholas Vardy It’s that time when Wall Street sets out its big ideas for the coming year.
And the verdict is in.
For 2021, emerging markets are the place to be.
Bank of America recently surveyed fund managers collectively holding $526 billion in assets.
More than half of leading fund managers interviewed indicated emerging markets – after a decade in the doghouse – are their favorite asset class for the coming year.
As if on cue, the MSCI Emerging Markets Index shot up nearly 13% in November.
Emerging markets equity funds have already attracted almost $14 billion in the past two weeks.
Emerging markets specialist Renaissance Capital was almost …read more
