Another consensus: emerging markets will see greater inflows in 2018 than it did in 2017. After a strong run, some volatility toward the year-end emerging market equities are holding on to their 2017 gains, now up nearly 30% year-to-date. The MSCI Emerging Markets Index has beaten the FTSE Europe and the S&P 500. MSCI Emerging Markets trades at 12.4x forward earnings compared to 16.9x for the S&P 500. In other words, many fund managers think that a return to normalcy does not necessitate a bond blow-out that cuts into capital flows in emerging markets.

Source: Forbes November 22, 2017 14:15 UTC