The document discusses the outlook for GEM equities in 2014, predicting another year of negative absolute returns with higher levels of dispersion and volatility. It reviews the underperformance of GEM equities in 2013 compared to DM, particularly the US, and attributes this to structural factors. The document also examines EM relative valuations and their implications for investment strategies.
doj/DataSet10/EFTA01450998.pdf
{"title":"GEM Equity Strategy Outlook 2014","document_date":"2013-12-11","document_type":"correspondence","key_organizations":["Deutsche Bank"],"reference_numbers":["DB-SDNY-0107079","SDNY_GM_00253263","EFTA01450998"]}