New York
WHILE most forms of investing require a leap of faith, betting on emerging-markets stock funds this year - Chinese stocks have already had double-digit declines - may feel like jumping across the Grand Canyon.
Not only have shares of companies based in developing economies like China, Brazil and Russia been mired in a prolonged bear market - prices were down about 40 per cent from April 2011 through Thursday, compared with a 44 per cent gain per cent for US stocks - but this once-promising group was also hit with a double whammy of bad news at the end of last year.
There was the Federal Reserve's decision in December to raise short-term interest rates for the first time since 2006. Near-zero...
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