Emerging Markets Look Appetizing

Remember emerging markets?  Four short years ago, the stock markets of the developing world—like China and Brazil, India and Indonesia, Thailand and Turkey—were the place to be. In 2009 and 2010, as these economies grew much faster than the U.S., emerging-market stocks shot up by an average of 46% annually—more than double the returns on U.S. stocks. Investors stampeded in, adding $119 billion to emerging-market mutual funds and exchange-traded funds between 2010 and 2012.  But growth is slowing in China and Latin America; turbulence is swirling

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