NGE - Commodities Gold And Overlooked Emerging Markets
Finding Value in Emerging Markets
Emerging market equities are down by around 10% YTD, and a handful of frontier and emerging markets are becoming too cheap to ignore. Notably, the sell off in emerging market equities has produced an attractive entry point for equities in countries that rely on commodity exports for growth. Under-performers such as Chile, Colombia, Nigeria and Russia are well worth examining, as they would be major beneficiaries of a bull market in commodities. All of these stock markets collectively trade at an approximate 40% discount to MSCI emerging markets. At the