Experts: Emerging Market Stocks Set to Soar

Experts say emerging market stocks will come back strong from their 13 percent drop over the past four weeks.

That decline was the largest in 11 months.

But Jonathan Garner, head of emerging market research for Morgan Stanley, predicts the MSCI Emerging Markets Index will jump 34 percent by year-end, as corporate profits surge 40 percent, Bloomberg reports.

And Thomas Deng, managing director at Goldman Sachs Asia, predicts China’s CSI 300 Index will gain 36 percent in the next 10 months.

“Strategically we’re still positive on the market,” he told Bloomberg. (more)