Yes, according to a new report from Morgan Stanley Smith Barney’s global investment committee. “Despite the recent rally, global equities are still priced at a forward P/E ratio of 13, at the lower end of their 40-year historical range,” advises the committee’s latest monthly update (Jan 2011) for clients.
Daily Archives: January 24, 2011
GLOBAL CHATTER ABOUT INTEREST RATES
European Central Bank head Jean-Claude Trichet tells The Wall Street Journal that higher interest rates may be near. He’s not alone when it comes to considering a tighter monetary policy.
NABE SURVEY: BRIGHTER OUTLOOK FOR GROWTH & JOBS
A NEW LEADER IN THE EMERGING MARKET ETF SPACE
Vanguard Emerging Market (VWO) is now the largest ETF in the emerging market equities category measured by portfolio assets. The fund held $46.2 billion last week, according to Bloomberg, just ahead of the long-time leader iShares MSCI Emerging Markets (EEM). Both ETFs track the same index: MSCI Emerging Markets.