“You still have great relative growth advantages for a lot of the underlying economies and very cheap stocks,” David Donabedian, who oversees about $17 billion as chief investment officer at Atlantic Trust, said in a Bloomberg Television interview. “We’ll begin to see better performance out of the emerging markets over the next three or four months and the reason is we’re going to see some positive policy changes.” Petrobras Gains Federated Investors Inc., which oversees about $352 billion, has been buying developing-nation equities in the last few weeks, Philip Orlando, the firm’s chief equity market strategist in New York, said on Nov. 10. Shanthi Nair, a global strategist at Nomura International Plc in London, lifted her recommendation on emerging stocks to “overweight” from “underweight” on Nov. 6. Goldman Sachs Group Inc. advised clients the same day to bet Chinese shares will rally. Energy and raw-materials companies have led gains in the MSCI emerging-market index from this year’s low as Rio de Janeiro-based Petroleo Brasileiro SA, Brazil’s state-owned oil producer, and Hong Kong-listed Zijin Mining Group Co., China’s biggest gold producer by market value, rose more than 15 percent. Petrobras was valued at 0.6 times net assets in September, the lowest level since 1999, according to data compiled by Bloomberg. Zijin, located in Fujian province, fell to 1.5 times net assets, the lowest since October 2008, the data show. Source: Bloomberg