Wall Street Banks Bet on Emerging Markets After Wasted Years
“The depreciation risk of the US dollar is a wake-up call for investors.”
Photographer: Mayolo Lopez Gutierrez/BloombergWall Street’s emerging-market faithful are finally seeing better returns after missing out for years as US stocks soared.
Morgan Stanley Investment Management, AQR Capital Management, Bank of America Corp. and Franklin Templeton are among those betting the tables may finally be turning in favor of developing-market equities.