Newswires’ Chris Dieterich reports:
Fund flows show money is still headed for emerging-market stocks, but some think it’s time for a reality check on expected returns. Guggenheim Securities’ Andrew Brenner notes, in typical exclamatory fashion, a sign that emerging markets could be over-hyped. “WHEN 60 MINUTES RUNS A LEAD STORY AS TO HOW BRAZIL AND EMERGING MARKETS IS THE PLACE TO INVEST, WE GET WORRIED.” Brazil’s Bovespa stock index, for instance, is off 1.5% this year. Yet while US equities funds bled $2.7B in the week ended Dec. 8, foreign funds had $1.3B of net inflows, according to ICI.