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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EMERGING MARKETS
- With major economies preparing for the global reopening, some investors are convinced that rising optimism in the coming months will continue to support global equities this summer.
- This chart ranks the EM sectors based on their current price-to-book ratios, from the 'cheapest' ones to the most 'expensive'; sectors with low price-to-book ratios are often defined as 'value' that generally tend to attract LT investors.
- Based on that chart, the cheapest sectors in the EM market are Energy, Real Estate and Financials, with current price-to-book values of 1.05, 1.06 and 1.17, implying that they are currently trading at a 42%, 41% and 35% 'discount' relative to the MSCI EM index (MXEF Index).
- On the other hand, the most expensive sectors in the EM market are Health Care, Consumer Staples and IT, with currently price-to-book values of 6.06, 4.2 and 3.09, implying that there are trading at a 235%, 132% and 77% premium relative to the MSCI index.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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