FT.com By Sharlene Goff Published: May 8 2009
Investors who fled emerging markets at the end of last year may be regretting it now. Equity indices across Asia and other developing areas have rallied strongly in recent months, making up much of the falls they suffered in last year’s, and outpacing the recovery in western economies.
The MSCI Emerging Markets index has risen more than 50 per cent since its low last October, with a large proportion of the gains coming in the past few weeks.
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