EM stocks: cheap now? Not necessarily | beyondbrics

"With the MSCI EM index dead flat at the time of writing on Monday, it’s fair to say that a bit of stability has returned to the market.

So, with the index down 13 per cent this year, is it a time to buy? Not necessarily, says Dan Morris, global market strategist at JPMorgan Asset Management: China and other big markets are down for a reason, while sorting the wheat from the chaff in the rest of the big barn of EM equities is as hard as ever.

Source: JPMorgan Asset Management

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