EM stocks are having a moment as growth bets return

EM stocks are having a moment as growth bets return https://ift.tt/Cc2xStX all points to evidence that local-currency bonds, which have been the standout trade in emerging markets this year, are now facing tougher competition from stocks. While investors including Bank Julius Baer & Co. and Brazil's Legacy Capital argue that there's still money to be made in debt markets, bigger gains will come from stocks.