In the latest report, Caesar Maasry, head of emerging markets cross-asset strategy at Goldman Sachs Group, lists 12-month expected returns for 23 different emerging market stocks. According to the report, Goldman Sachs Group expects 15 of these emerging markets to outperform the US in 2023.

Here are the ETF representatives of the 15 emerging market countries that will provide investment opportunities next year, as well as expected 12-month returns and corporate earnings growth:

The US stock market has just had its worst year since 2008, and many strategists do not expect stocks to rise sharply in 2023 because corporate earnings will come under heavy pressure as the US economy slows.

In the coming year, emerging market stocks are expected to return 11 per cent in local currencies and 17 per cent in dollars, according to Goldman Sachs Group. These emerging markets are likely to reduce the cost of imports as the dollar falls, so smaller economies are likely to grow in the global recession.

Meanwhile, Goldman Sachs Group expects u.s. stocks, as measured by the s & p 500 index, to rise 4 to 6 per cent next year. But if u.s. companies' earnings don't grow by 6%, as Goldman Sachs Group predicted, the s & p could have another tough year because its valuations are still too high.

Investors can also pay attention to$Ishares Msci Emerging Index Fund (EEM.US)$Most of its positions are core assets in emerging markets, such as the heavy positions in EEM$Taiwan Semiconductor (TSM.US)$、$TENCENT (00700.HK)$和$BABA-SW (09988.HK)$等。

Although emerging market ETF fell by 22.4% in 2022, Goldman Sachs Group is optimistic that these emerging market stocks will rebound in 2023.

What do you think?

Edit / Viola