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BlackRock bullish on EM as profits improve

It upgrades emerging-market equities to "overweight", citing improved fundamentals and stable outlook for US$

New York

THE world's largest asset manager has turned bullish on developing-nation stocks after a three-month rally that pushed the benchmark index to the highest levels in a year.

BlackRock Inc upgraded emerging-market equities to "overweight" from "neutral", citing improved...

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