Bloomberg News

Emerging Stocks Rally Points to Further Gains, Citigroup Says

October 19, 2011

Oct. 20 (Bloomberg) -- The rally in emerging-market equities since early October should lead to further “solid gains” over the next 12 months, Citigroup Inc. said.

Emerging stocks are likely to outperform developed markets for the next few months, analysts led by Geoffrey Dennis wrote in a report dated yesterday. “We retain our preference for Asia, with our Overweight markets being China, Korea, Turkey, Malaysia and Chile; we favor Banks, Cons Discretionary and IT.”

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