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Updated · Bloomberg · Jun 21MSCI EM Companies Beat Profit Estimates for First Time Since 2022
3 articles · Updated · Bloomberg · Jun 21Summary
- MSCI EM Index companies have reported average annual earnings above forecasts set a year earlier—the first such beat since April 2022.
- Asian technology firms are leading the upside, strengthening the case that the emerging-markets bull run still has room to extend.
- Profit momentum is also broadening beyond tech, with gains highlighted in Indian oil refiners and Brazilian electricity companies.
- That earnings turn gives investors a new fundamental reason to back emerging markets after years in which profit expectations were not being exceeded.
Insights
Is the emerging market bull run a real economic shift or a fragile bubble built on AI hype? Valuations are at a 40% discount, but have investors already missed the best returns in emerging markets?