Investors weigh value versus risk in emerging markets

Investors have been offloading emerging-market assets in droves based on a number of factors, particularly economic growth fears and US dollar strength. Whether such broad-based aversion is merited is open to question. In August the Institute of International Finance (IIF) estimated EM outflow at almost $300 billion, based on data from the previous four quarters. Although large, it was less than a third of the startling $1 trillion outflow figure over the past 13 months publishe…