Emerging Markets May Rebound in 2014

Global liquidity may be adequate for now, but fund managers are likely to take lower than normal risk in their portfolios as five large emerging-market countries India, Brazil, Indonesia, Turkey and South Africa all go to the polls in 2014.Given the uncertainties of a big election year, going bearish on emerging markets may have become the consensus call. But strategists at Bank of America Merrill Lynch expect a modest rebound for emerging markets.Alberto Ades, co-head of global economics at Bank of America Merrill Lynch Global Research, told a conference in New York that emerging market economies' share of world GDP would continue to grow.

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