MSCI Emerging Markets Index Seen to Mark a Fresh Bull Wave
The MSCI Emerging Markets Asia Index has already pivoted off a 2-year bullish reversal. With this, we can finally expect more foreign institutional funds to increase their hot investments into the region. Having said that, the emerging markets Asia index may then continue to march along a new bull wave en route to its post pandemic high of 100.25, giving it an upside of 36.52 percent from its present level. While the Philippines still lagged its peers in the region in terms of market performance, a likely rise in the broader region will nonetheless be beneficial. As they say, a rising tide lifts all boats.
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*Consensus target price or average target price given by the major foreign and local brokers of various stocks on top of index names are available in our Equity Advisor!
