For Emerging Markets, 2013 Couldn’t End Soon Enough

Most emerging-market investors likely want to forget 2013, a year when assets from a broad swath of the developing world were plagued by losses. But some investors are sticking around, hopeful of a modest rebound in 2014.  The year was a bust thanks largely to a massive summer sell-off in emerging market stocks, bonds and currencies, sparked by speculation that the Federal Reserve was looking to reduce the stimulus efforts that had been goosing the global economy for years. While many of those assets managed to recover some losses later in the year, few managed to return to positive territory by the time the calendar turned to 2014.

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