The MSCI index of emerging market stocks closed Friday at its lowest since May 2017 and it is down about 21 percent from January's high. "We're finding opportunities because of the trade war," said Chris Mack, a portfolio manager of the Harding Loevner Global Equity fund.U.S. "You're getting the benefits of a company that is being boosted by a secular trend at a much cheaper price," Mack said(Graphic: U.S. vs Emerging Markets stock valuations - https://reut.rs/2NqqUOr)Brian Jacobsen, senior investment strategist at Wells Fargo Asset Management, said his firm recently upgraded its stance on emerging markets from negative to neutral. The reasoning behind the move included compelling valuations and the likelihood the trade tariffs will not hurt emerging market companies as much as the broad market expects. "I'd be very selective in where I look for my exposure in emerging markets," he said.

Source: thestar October 07, 2018 22:07 UTC