By James Phillipps Emerging markets are starting to break from their correlation with the Nasdaq ...
By James Phillipps Emerging markets are starting to break from their correlation with the Nasdaq and outperform of developed countries, according to Mark Mobius, head of emerging markets at Franklin Templeton Investments. Mobius said: "Emerging markets have been moving exactly in line with the Nasdaq but that is over, they are separating out from the Nasdaq and will mainly outperform. "It is a cause of concern that people have been using the Nasdaq as a proxy for emerging markets, because the negative sentiment for that market impacted on the emerging markets." Mobius argued that concer...
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