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Emerging markets hold promise
- Monday, November 26 - 2007 at 07:50
Emerging market equity valuations can rise to 50% above valuations in developed markets before they reach bubble territory, according to Jeff Chowdhry, head of emerging equities at fund manager F&C Investments. He said developed markets and emerging markets sell on the same PE valuations, but return on equity is significantly higher in emerging markets, adding that emerging market valuations will go up another 50% if developed markets continue to rise, reported Reuters.
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Jeff Florian, Senior ReporterMonday, November 26 - 2007 at 07:50 UAE local time (GMT+4)
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