Ignore Wall Street, Bet on Emerging Markets

Skagen AS, a Norway-based investor that has outperformed funds run by Goldman Sachs Group Inc. and JPMorgan Chase & Co. over the past decade, is telling clients to ignore Wall Street’s biggest banks and buy emerging markets.  Kristoffer Stensrud, the founder of Stavanger-based Skagen who manages the 50 billion-krone ($8 billion) Kon-Tiki A emerging market fund, says a series of elections in the Middle East, Asia and Africa may provide a boost to markets in those regions as lawmakers turn to policies that underpin stability.

http://tinyurl.com/luwsgqr