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Funds with US$3t taking a rain check on emerging market stocks

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Some money managers cite India - where growth is overtaking China's and lower oil prices are reducing costs of business - as a developing country with select buying opportunities.

London

RICH pickings will be hard to find in emerging market shares next year.

That's the conclusion of most money managers as they see off the third successive year of declines that took stock prices to the lowest level in a decade relative to their developed peers and shaved more