News Snapshot:
After a dismal performance for stocks and bonds in 2022, Wall Street is looking outside of the U.S. for growth in 2023. Emerging markets, which include countries such as China, India, Brazil and more, are a top area where money managers are investing in hope of seeing gains that outpace the U.S. The trend is having a resurgence after also underperforming in 2022. Investors are buying into the trade in droves. Last week, Bank of America investors put $12.7 billion into emerging market debt and equity funds, the largest inflows ever, according to a note on Friday. The move was...
