Stocks in emerging markets have lagged global share prices. Four of the five countries with the largest outbreaks — Brazil, India, Russia and Peru — are emerging markets, the data showed. But not all emerging markets will do badly, added Powell. All three markets are part of the MSCI Emerging Markets Index. “Emerging market stocks are well placed to outperform the majority of their developed peers and we therefore upgrade the asset class to overweight,” the company said in the report.

Source: The Standard September 03, 2020 04:52 UTC