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Emerging markets equities could gain 14% next year, JPMorgan says

Source: cnbc.com cnbc.com
News Snapshot:

Emerging markets could be a big winner for investors next year, even though a global economic slowdown seems likely, according to JPMorgan. Chief global markets strategist Marko Kolanovic said in a note to clients on Thursday that emerging markets could rally next year even as major economies slow, as markets look ahead to the next economic rebound. "We forecast EM equities to return 14% next year (MSCI EM 1,060), driven primarily by 2024 earnings growth or convergence of valuation to the historical discount to DM equities," the note said. One of the areas that Kolanovic is most bullish on for…

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