Investors see emerging markets as still not cheap

LONDON: Even after the steep decline that has rocked global markets this year, fewer than 10% of investors consider emerging market-related assets cheap, according to a Barclays survey of more than 700 global investors.

Chinese stocks have plunged 40% in the last three months, oil has sunk to its lowest in six years and many emerging market currencies have fallen to their weakest since the 1997-98 Asian crisis, some to their lowest on record.