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Best Emerging markets equity house: Citi |
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Also shortlisted: Credit Suisse and Goldman Sachs |
A headline in financial journal Barron’s late last year posed the question: can emerging markets save Citigroup? Although nobody is saying that a largely resurgent Citi needs rescuing, if performance in emerging market equities over the past year is any proxy for future salvation, the answer to this particular teaser is a resounding yes.
The equities division at Citi has been under what senior management refers to as ‘renovation’ for the past five years.
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