Published on July 4, 2011, and picked up by Financial Post and Today SG.
Emerging-market investors should raise their stock holdings, Morgan Stanley said, citing “attractive” valuations and the prospects of a “stronger” second-half performance for Asian and developing-nation shares.
The brokerage lifted its equity allocation to 56 percent of assets from the 54 percent recommended in October, analysts led by Jonathan Garner wrote in a report today. They increased their end-2011 forecast for the MSCI Emerging Markets Index by 1 percent to 1,305 and for the MSCI Asia Pacific excluding Japan Index by 2 percent to 550, according to the report.
Read more at Bloomberg.com.