Much verbiage is expended on emerging market stocks, and rightly so. They are doing very well indeed. But if you think on it, an emerging market stock is likely to be a small capitalization stock. And if you look at well-chosen US small caps you see that they are doing as well this year as their look-alike emerging brothers. US equities have always been thought of in Europe in a sense as "emerging" market stocks. But now US small caps are doing as well as emerging market stocks "IN DOLLARS".
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