Michael Mauboussin, Legg Mason Capital Management's Chief Investment Strategist, discusses trends in M&A activity and the relationship between this activity and the market. He explores research on whether or not most deals create shareholder value, and how deals should ultimately be evaluated.
Emerging market equities posted a gain of 38% in 2009 after a decline of 41% in 2008. What can emerging market equity investors expect in 2010?
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