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MSCI Emerging Markets Index has underperformed the S&P 500 by 113 percentage points since Sept. 15, 2008
After the financial crisis, investors sought higher returns in risky emerging markets. Today, the money is flowing back to the U.S. What went wrong for countries such as Argentina and Turkey, and could it get worse? Image: Crystal Tai
Asian shares were broadly higher Friday. South Korea’s Kospi led with a 1.4% advance underpinned by Samsung Electronics Co. and other chip makers following gains for U.S. tech stocks. Japan’s Nikkei 225 advanced 1.2%.
Friday’s Big Theme
Although the 2008 global financial crisis began on Wall Street, the decade that followed the collapse of Lehman Brothers has been harder on investors in emerging markets than their counterparts in the U.S.