Bears claim the emerging markets rally that began in January 2016 has run too far and may wind down.
Equity investors pulled the largest single-day amount in two years from the main U.S. ETF focused on India.
Developing nations are top-rank both when converted into U.S. dollars and on a volatility risk-adjusted basis.
IT stocks are taking up an increasing share of the emerging markets universe; that's good, says Morgan Stanley.
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