Emerging market stocks have outperformed the S&P since March because investors are realizing that the gap between emerging market GDPs and their index equity weightings has grown too large, says Lu Yu, portfolio manager for the AllianzGI Emerging Markets Opportunities Fund. Yu says that China is still growing nicely, despite all the talk of a slowdown and that consumer-based stocks are the best places to invest. She is also bullish on Brazilian consumer stocks, especially Brazilian credit card player Cielo, ahead of the World Cup this summer.
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