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Emerging market stocks are now 10% lower than their historical norms.
Will Canada’s economy grow in 2025?
For 2025, experts predict economic growth, but slower gains and more volatility.
Since 2003, the MSCI Emerging Markets Index has climbed a whopping 265%. While the U.S. Fed’s quantitative easing program has caused a pullback, Excel Funds portfolio manager Christine Tan points out that emerging market stocks are now 10% lower than their historical norms. This represents a significant buying opportunity. Here are three companies to consider.
Top Pick: TAL Education Group (NYSE: XRS) | 16 P/E
Beijing-based XRS tutors Chinese students in all grades and subjects. With education in high demand across the country, business is growing and has expanded to other cities.WuXi PharmaTech (NYSE: WX) | 14 P/E
This Shanghai-based R&D company is winning a lot of outsourcing business from big pharma: 66% comes from China, and 34% is in the U.S. It also has a growing drug manufacturing division.Mobile TeleSystems OJSC (NYSE: MBT) | 10 P/E
Moscow-based MBT is the smallest player in the Russian mobile market, but it’s growing quickly. In 2014, consumers will be able to transfer their numbers to any carrier, an odds-on boon for MBT. Forward Price-to-Earnings Ratio (P/E) compares a company’s current share price to its expected per-share earnings. (Data listed as of Sept. 27, 2013)Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
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