The Big Squeeze: EM Mega Caps Up, Breadth Down
Source: SeekingAlpha
2025-12-17 12:39:00 ET
Emerging markets (EMs) are delivering a familiar paradox: strong headline returns but shrinking opportunity beneath the surface. Index breadth has collapsed to historic lows, with only about a third of EM stocks beating the benchmark, thanks to surging tech-heavy mega caps that increasingly dominate performance....
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The Big Squeeze: EM Mega Caps Up, Breadth Down
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