Why Valuations Don’t Matter Much in Emerging Markets
Bear and a bull statues sit on a windowsill following a news conference. (Photographer: Alex Kraus/Bloomberg)

Why Valuations Don’t Matter Much in Emerging Markets

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(Bloomberg Opinion) -- Like the Nasdaq, emerging markets are no strangers to booms and busts. Unlike the U.S. market, valuations no longer matter much outside the developed world. 
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