The report discusses the outlook for Global Emerging Markets (GEM) equities in 2014, predicting a negative year with underperformance slowing. It highlights the misleading cheapness of GEM equities, the importance of corporate governance, and the potential for a debt trap in BRIC markets, especially China. The report forecasts a negative return of around 10% for MSCI EMF in 2014, with volatility and dispersion among constituents.
doj/DataSet10/EFTA01450996.pdf
{"title":"GEM Equity Strategy Outlook 2014","key_people":["John-Paul Smith","Priyal Mul"],"document_date":"2013-12-11","document_type":"correspondence","key_locations":["London"],"document_subtype":"research report","key_organizations":["Deutsche Bank"],"reference_numbers":["DB-SDNY-0107077","SDNY_GM_00253261","EFTA01450996"]}