While the front-line IT stocks have started to show momentum, there are some good trade setups seen in the midcap IT space as well. This mid-cap IT Services and Consulting company has shown indications of some potential reversal of trend and up-move in the prices over the near term.
It is not as gloomy for EMs but most flows are going to Europe now: Cameron Brandt
US equity funds are undergoing reversion to the mean. Europe and Japan equity funds are attracting more inflows while the interest in emerging markets persists.