Van Agtmael Says Best Gains in Emerging Markets Over

(Bloomberg) -- The largest gains in the developing- nation rally may be over as valuations have become less attractive, said investor Antoine van Agtmael, who coined the term “emerging markets.”

In the next six months, stock markets are unlikely to repeat the “100 percent returns” generated since March, van Agtmael, who oversees about $12 billion as chairman and chief investment officer of Emerging Markets Management LLC, said in an interview with Bloomberg Television from Washington today. Stocks are “fairly priced,” he added.

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