By SIMON CONSTABLE
Emerging markets have been on something of a tear over the past year, and experts say they have more room to run. That's good news for investors who have arrived late to this party.
The MSCI Emerging Markets Index, which tracks stocks in 24 countries – including China, Russia, Poland, and Peru – is up more than 25 percent this year. That compares to gains over the same period of less than 20 percent for the Standard & Poor's 500 Index, excluding dividends.
What's behind this stellar performance? First, emerging markets are cheap compared to the U.S. stock market. Read more here.