Russia replaced China as Morgan Stanley’s top pick among the largest emerging stock markets in its developing-nation model as the brokerage advised investors to take on riskier assets.
revision of aset alocation, looks reasonable. but there is the same nbans, as at the beginning of the year.
GDP growth is not equal to market growth. an old game of expectations in action.
at 09m – cautious expectations and at the sight of quick recovery – market growth.
now we have pretty optimistic expectations, which reality is unlikely to justify.
