Emerging Market Stocks – EM Consumer Discretionary + Tech vs. EM Energy + Materials This chart highlights the polarization in sector dominance. Image: BofA Global Investment Strategy
Emerging Market Debt + Equity Flows EM debt and equity saw the third-largest inflow ever. Image: BofA Global Investment Strategy
Equity Risk Premium – MSCI Emerging Markets Index The EM equity risk premium is high, suggesting plenty of room for further gains. Image: Morgan Stanley Wealth Management
GWIM Emerging Markets ETF Flows BofA private client ETF inflows to emerging markets have accelerated sharply over the last four weeks. Image: BofA Global Investment Strategy
FMS Investors – Global Emerging Markets FMS investors expect to overweight global emerging markets over the next 12 months. Image: BofA Global Fund Manager Survey
Emerging Markets Total Return Index (Equities Relative to Bonds) and OECD Core CPI (Leading Indicator) Emerging markets equities relative to bonds tend to lead OECD core CPI by 40 weeks. Image: BCA Research
U.S. Dollar Index and MSCI Emerging Markets Index A weaker U.S. dollar tends to boost emerging markets. Image: Morgan Stanley Wealth Management
Forward Price/Earnings Ratio – MSCI USA Index and MSCI Emerging Markets Index Emerging markets look more attractive than the U.S. market on forward earnings. Image: Morgan Stanley Wealth Management
Emerging Market Equity Flows There has been a record $25bn into EM stocks in the past four weeks. Image: BofA Global Investment Strategy
Performance vs. S&P 500 MSCI Emerging Market Equity Index and Copper The rebound in copper prices could suggest strong emerging market performance. Image: Morgan Stanley Research