Gundlach: If I was looking for a contrarian play, I'd buy emerging markets (EEM, DEM, VWO) over...
Gundlach: If I was looking for a contrarian play, I'd buy emerging markets (EEM, DEM, VWO) over gold, he says, shaking his head at their massive underperformance compared to the S&P 500. Brazil (EWZ) and China (FXI, CAF) stand out for their weakness, but he'd stick to a basket rather than any individual market.
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