- Emerging markets may seem cheap, but now's not the time to boost holdings, says Goldman in a report titled: Emerging Markets: As The Tide Goes Out. Those with a "moderate" tolerance for risk should cut exposure by a third - from 9% to 6% - says the team.
- The fast growth in EM from 2003-2007 was the result of a mix of economic circumstances not likely to be repeated, says Goldman. Instead, there's been a "seismic shift" in sentiment as returns were not as attractive as expected, growth rates were not as sustainable as imagined, and countries were not as stable as believed.
- Related ETFs: EEM, VWO, DEM, EDC, DGS, EDZ, EEMV, EEB, SCHE, EDIV, DVYE, IEMG, BIK, BKF, EWX, EEV, PIE, CEW, HILO, ADRE, EUM, FNI, EET, GMM, PXH, EEMS, EELV, BBRC, FEMS, EMDD, EEME, EMCR, BICK, DBEM, EWEM, JEM, FEM, EVAL, TLTE, EMLB, EEHB, EGRW, EMBB, EMSA, EMHD, FNDE, EMDR, EMFT
Emerging markets? Get out, says Goldman
Dec 23 2013, 09:05 ET