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The decade of emerging markets has begun: Morgan Stanley IM

By Selkuc Gokoluk

Emerging-market stocks will be among this decade's winners, according to Morgan Stanley Investment Management.

Like other investor groups, the manager is pulling money out of US stocks and increasing its exposure to developing markets, said Jitania Kandhari, deputy chief investment officer and director of macroeconomic research for emerging markets at Morgan Stanley IM.

Kandhari, in turn, said that stocks in developing countries have attractive valuations and that there . . .

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