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DBS: EM equities likely to outperform fairly-priced DM counterparts

DBS believes that the outlook for emerging market (EM) equities is more upbeat than the outlook for developed market (DM) stocks, which have started edging lower. “[DM] markets will be challenged for an encore performance, after having priced in a stronger global economy and aggressive corporate earnings growth,” the bank says in its latest investment note. It adds that high…

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