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Great Graphic: New DM-EM Equity Convergence

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This Great Graphic, created on Bloomberg, depicts the MSCI equity index for the developed countries (orange line) and the emerging markets (white line). The charts begins at the start of last year.  In the first several months of 2013, DM outperformed EM. The big EM sell-off coincided with first hint from the FOMC about tapering.  EM recovered […]

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