(May 23): The wreckage of a US$5 trillion rout in emerging markets is starting to look like a buying opportunity to some intrepid investors. After 15 months of capital outflows, emerging markets are at an advanced stage of pricing in the risks. Meanwhile, MSCI’s equity benchmark for emerging markets has fallen every month this year, extending its 2021 declines. All these indicators don’t necessarily mean emerging markets are ripe for a turnaround. Even without those shocks, most investors expect emerging markets to witness more losses before hitting a bottom.

Source: The Edge Markets May 23, 2022 06:57 UTC