Emerging Markets money manager Lazard Asset Management believes emerging market equities are nearing a bottom and valuations represent significant opportunity.
“As emerging economies exit a period of China-led growth and cheap credit, attention has turned to the economic imbalances that developed during the boom years. These imbalances and their solutions vary by country. For example, China will probably reduce investment and increase consumption while the reverse is true for Brazil. The announcement and implementation of reforms is a crucial next step, and could result in a strong upside opportunity for emerging equity markets in 2014.”
Download Lazard Asset Management's Full Commentary Here
Get Free Research Reports on Lazard Asset Management