BlackRock: Go Abroad!

BlackRock {These are the folks that bring you iShares ETFs} thinks that some of the bigger investment opportunities going forward may lie abroad.  Here's what they say:

"Stocks in the U.S. have rocketed to big double digit gains for 2013, leaving investors wondering, 'when is it time to sell high?' Consider the options. For example, despite the recent emerging market stock rebound, EM equities were still trading at a 36% discount to U.S. stocks, and below their three-year average valuation, as of October 10, 2013, as measured by price-to-book ratios."  

In fact, BlackRock Chief Investment Strategist Russ Koesterich continues to like emerging market  stocks over the next three to five years.  See this link to BlackRock's Blog for his reasoning.  

Link:  BlackRock:  Equity Opportunity in Emerging Markets. 

*Long ETFs related to emerging markets in client and personal accounts.