Bank of America bullish on Emerging Markets

Bank of America Merrill Lynch is bullish on emerging markets, ending a five-year bearish call on equities.

The Bank said valuations look attractive on price-to-earnings and price-to-book in their own valuations as well as global.

Emerging market currencies have been boosted recently by the movement of the US dollar to make them more competitive, along with a declining capital expenditure.

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Read more at CNBC.