Goldman SachsThe MSCI emerging market stock index is expected to rise about 13 per cent from its current level to 1500 over the next 12 months, mainly due to a more reasonable valuation of Chinese stocks.
Goldman Sachs strategists Kamakshya Trivedi and Caesar Maasry reported that emerging markets, led by Chinese mainland, will be further vaccinated and are accelerating their rollout, with all BRICS countries expected to vaccinate more than half of their populations by the end of the year.
The preferred stock markets are Brazil, Mexico, Russia, South Africa and India.