An emerging markets index under MSCI could surge as much as 8 percent by the end of this year, Morgan Stanley predicted in a Monday report.
A global benchmark for emerging markets is set to surge as much as 8 percent this year, according to Morgan Stanley.
Morgan Stanley said in a note Monday that it has"become even more bullish on Chinese equities through the year," with those stocks leading the charge in the recovery among emerging markets in 2019. Experts have said those developments reflect pressure from authorities to increase credit as Beijing seeks to boost its slowing economy.
Morgan Stanley said investors who want to ride the rally should look at China, India, Indonesia, Singapore and Brazil. Copper prices have risen over 10 percent to their highest levels since June 2018, the bank pointed out.
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