Morgan Stanley Evaluated the Shares of Some Countries

Morgan Stanley Evaluated the Shares of Some Countries Morgan Stanley evaluated the shares of some countries. The bank announced the countries it expects to maintain rotation factors. Morgan Stanley, one of the leading investment banks in the world, stated in its note evaluating the Eastern Europe, Middle East and Africa (EEMEA) region for 2021 that the shift from defensive shares in the region to cyclical shares is in the first stages. The note in question stated that banks and low-momentum stocks are still in the "easy money" zone. In the note, which is said to be one of the biggest discussions for the year 2021 as the sustainability of the recent rotations for value shares and cyclical shares, it was emphasized that the EEMEA region is the most sensitive regions to these rotations. Morgan Stanley expects Russia, Greece, Hungary, the United Arab Emirates and Turkey will continue their rotation factor. It doubts South Africa's sustainability in terms of internal recovery and specified rotations. The bank says there is still at least 18 - 19 percent upside potential, given the vaccine developments in the EEMEA region and the banks' progress towards pre-epidemic levels. In addition, while the currency strategy unit predicted an increase in the Russian Ruble, the stock analysts of the institution increased the weight of Russia stocks in the EEMEA. EEMEA's weight in the MSCI Emerging Markets Index could increase from the current 12 percent to 14 percent in 2021.     Source: Bloomberg HT