With the MSCI Emerging Markets Index up nearly 10% year-to-date through May 1, I think many people are wondering whether this area is the most attractive for investors seeking international exposure.
Alas, history has taught us time and again that simply chasing the financial version of a “shiny new object” (recent performance, for example) is a fool’s errand. New worries about declining commodity prices, hefty dollar-denominated debt exposure and decelerating gross-domestic-product growth are causing significant and fundamental concerns about emerging markets.
Read the rest of the article on The Wall Street Journal.