Goldman Sachs slår et slag for at investere i Emerging Markets, fordi indtjeninger der ventes at være 40 pct. højere end i USA, og desuden handles aktierne i EM til en discount på 40 pct.
Emerging market earnings 40% higher than in the US
Investors may want to look abroad for equity opportunities at more attractive prices, in our view.
For example, 2021 emerging market earnings are expected to be 40% higher than in the US, but emerging market equities are trading at a 40% valuation discount.
International developed markets are also catching up in their recovery.
Selectivity among all of these markets may help identify pockets of relative value.
