NEW YORK, Feb. 9 (Xinhua) -- The bullish run of stock markets in emerging markets is likely to continue for some time, according to a research note issued by UBS Global Wealth Management.
Emerging market equities posted 7 percent of year-to-date return in local currency terms following poor performance in 2018, according to the note on Friday.
JP Morgan Emerging Markets Equity Fund, with 4.77 billion U.S. dollars of assets under management, recorded 9.64 percent of year-to-date growth (at net asset value) as of Friday, according to JP Morgan.
Equities in emerging markets continue to enjoy support from a less hawkish global monetary policy outlook, eased trade tensions between the United States and China, and waning strength of U.S. dollar, said UBS.
"In our view, the supportive factors that have fueled the current rally are not fully priced in yet," said UBS, stressing that it maintains an overweight allocation to equities in emerging markets.