The bank sees less upside for global stocks this year.
The Global X MSCI Argentina ETF was the best-performing single-country equity ETF in the world in 2023.
Concerns about China and geopolitical tensions should again weigh on emerging markets, analysts said.
Emerging-market stocks have gained 16% this year excluding China.
The MSCI World Index is just 3% from its peak after climbing 21% this year.
This outperforming Pzena fund says the relentless selling of Chinese stocks is overdone.
The central bank policies in developing economies are luring investors to local bonds.
Contrary to many analysts' expectations, emerging markets have not spiraled into a debt crisis.
A growing band of global fund managers is calling time on this year's relentless selloff in Chinese assets.
U.S. stocks were also more favored by investors than international ones.
Leading economists' misdiagnosis of inflation in 2021-22 was the latest episode in a long-running series of failures.
Global stocks recorded $8.8 billion of inflows in the week ending Nov. 8.
International conflict could hamper trade, raise financing and production costs and cause additional inflation.
A rising natural interest rate will create winners and losers as it reverberates throughout the global economy.
Stocks in developing nations have added $1.1 trillion in the past two weeks.
Aggressive rate hike campaigns from major central banks to tame inflation are taking their toll on the economy.
High-yield bonds and certain other areas in fixed income also look good.
Securities prices don't always predict geopolitical crises, but they're often the best tool we have.
The signal comes amid worries that Israel's war with Hamas will spark a bigger conflict.
Stagnant productivity growth has made deficit-financed welfare spending indefensible.