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Emerging market stocks are now 10% lower than their historical norms.
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Emerging market stocks are now 10% lower than their historical norms.
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.
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.
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.
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)
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