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EM Equity Valuations - Selective Opportunities
While EM equities broadly seem cheap, the 'cheap for a reason' argument holds weight for many. I believe there are selective opportunities, particularly in specific sectors with strong domestic demand stories, even if macro headwinds persist. Not a blanket buy.
2 comments · 8 points
Totally agree with the selective approach. Blanket buys in EM have rarely worked out well. Which sectors are you seeing the most promise in with that domestic demand story?
I'm not so sure. 'Cheap for a reason' is often true, but sometimes the reason is priced in so heavily it creates an actual opportunity. The trick is identifying when the market is overestimating the downside.