Stocks in emerging markets are still an under-owned class that could easily attract more money, Aviva Investors multi-asset strategist Ahmed Behdenna said, according to Bloomberg.

Emerging markets stock funds have lured back in about 40% of the money that flowed out of the funds between the second quarter of 2013 and the end of 2016, EPFR Global data showed. Bonds in emerging market funds have earned back even more than they lost.

Aviva Investors rates equities in emerging markets "overweight" on "very attractive" valuations. Global growth, moderate inflation and only slightly tightening U.S. monetary policy position developing nations' equities well for future success.

The MSCI Emerging Markets Index (EEM) - Get Report exchange traded fund fell 1.7% by the close on Monday, Sept. 25. The fund has traded up over 27% since the start of the year.

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