Published on 21 Mar 2024 on Insider Monkey via Yahoo Finance

12 Best Emerging Markets Stocks to Buy According to Analysts

In this article, we will take a look at the 12 best emerging markets stocks to buy according to analysts. To skip our analysis of the recent trends and market activity, you can go directly to see the 5 Best Emerging Markets Stocks to Buy According to Analysts.

For the purpose of this article, we delved into the realm of emerging market stocks and identified emerging market companies whose shares are trading on the major stock exchanges in the United States. The MSCI Emerging Markets Index, maintained by MSCI was launched in 1988 and is the leading Index for emerging markets. The Index has changed significantly over the course of its history and countries have been added or removed based on the Index’s classification methodology over the years. It currently includes companies from 24 markets and has nearly $1.3 trillion  in assets under management benchmarked to the emerging market indexes.

The MSCI Emerging Markets index is heavily weighted by stocks belonging to the countries in the Asia Pacific region, with China leading the way with nearly 31.4% weightage in the Index which comprises of more than 1400 stocks. Taiwan, with 14.8% weightage, and India, with 13.7% weightage, hold the second and third highest weightage in the Index. As of February 29, the Index generated gross returns of -0.08% year-to-date and 9.18% over the last 12 months. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) held the highest weightage in the index with 7.63% weightage.