Year's best U.S. global stock fund sees emerging markets rallying in 2016
|01/04/2016||Posted by BusinessMediaguide.Com under General World News||
By David Randall
NEW YORK (Reuters) – The year’s top-performing U.S.-listed global equities fund as rated by Morningstar sees Asian and emerging market stocks as undervalued and primed to outperform in 2016.
Kristian Heugh, whose $641 million Morgan Stanley Global Opportunity fund gained 20 percent for the year through Dec. 29, said his fund has been adding positions in South Korean companies such as Hotel Shilla Co Ltd and database company NAVER Corp that have attractive valuations, while trimming some positions in technology companies that have rallied this year.
“With the U.S. and developed markets in general outperforming over recent years, it makes read more >>>
Source : BusinessInsider.Com