Erste Asset Management

4 results for keyword "MSCI"

Article on tag "MSCI"

Upswing in equity markets expected for second half of the year
Upswing in equity markets expected for second half of the year
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Upswing in equity markets expected for second half of the year

Developed equity markets are in the 6th year of a robust upward move. The MSCI Developed World Index rose by almost 18% per annum over the period (Mar 2009-June 2015) in Euro-terms. However, momentum has stalled in recent months. Stepan Mikolasek, new head of equity management of Erste Asset Management, names the main reasons: surprisingly […]

Emerging markets equities: no comeback at this point
Emerging markets equities: no comeback at this point
© Fotolia

Emerging markets equities: no comeback at this point

Based on earnings expectations emerging markets equities are currently valued 27% below the price/earnings ratio of developed markets equities. The long term average of this discount is 19%. Closing the gap is a question whether the confidence of the markets in the earnings expectations is solid enough to facilitate a re-(e)valuation.