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Emerging markets show staying power
29 March 2010
Legg Mason affiliate, Batterymarch Financial Management, believes emerging markets have excellent economic staying power and that valuations show no signs of an emerging markets bubble.
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[Legg Mason emerging markets]
Legg Mason affiliate, Batterymarch Financial Management, believes emerging markets have excellent economic staying power and that valuations show no signs of an emerging markets bubble. Ray Prasad, senior portfolio manager on Batterymarch’s emerging markets investment team, explains: “Stock prices often rise toward the end of the recession in expectation of a recovery, but that doesn’t necessarily mean that the market is overvalued. In fact, we believe that emerging markets are currently fairly valued to slightly undervalued. With ample liquidity in the domestic and global capital...
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