Emerging markets to deliver over 100% returns in two years, says BofA-ML

Even as Asian markets are ruling at their decade high levels, there is enough room for them to deliver over 100% returns in the next two years, believes foreign brokerage BofA-ML, advising investors to raise exposure, if they have not already.

"EM equities are already up 60% since January 2016 in this bull market, and we think a potential doubling is likely in the next two years to mirror the trajectory of prior bull markets," said BofA-ML. 

If history is a guide, EM equities rise 230% on average, in bull markets that last about 42 months, at three times the