Buy emerging market stocks over debt: Morgan Stanley
The US investment bank believes that emerging market equities look set to outperform emerging market bonds in the coming year. It particularly favours energy stocks, while advising that investors avoid consumer staples companies.
Emerging market equities are set to outperform debt in 2011, with energy stocks a particularly appealing sector, predicts Jonathan Garner, chief of global emerging market strategy at Morgan Stanley.
“We continue to be bullish on energy amid an inflationary backdrop,” says Jonathan Garner, Morgan Stanley’s chief of Asian
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