EM stocks turn out to be smart bets in post-Brexit times

New York

EMERGING-MARKET stocks are looking like a smart buy as investors begin to view the developed world, from frequent terror attacks to a troubled European Union, as the sometimes riskier proposition.

This year, emerging-nation equities have outperformed their developed peers as concern over a hard landing in China subsided and a rebound in commodity prices propped up export-dependent economies. The UK vote to quit the world's biggest trading bloc against a backdrop of rising violence further diminishes the appeal of regions once considered safe bets.