Posted on July 4, 2013 | Investor Update
The first half of this year was not kind to emerging market stocks. The MSCI Emerging Markets index lost 9.4% on a total return basis during the first six months of 2013. Not only was it more than 23 percentage points worse than the S&P 500, it was also 13 percentage points worse than the MSCI-EAFE index, which includes troubled Europe. On the surface, two words come to mind: Not good.