Market Insider

Invest in emerging markets: Barclays

Nygren: Large opportunity in Europe

Foreign stocks should do better than U.S. equities in the second half, as emerging markets economies improve, according to Barclays.

"More competitive currencies, lower energy costs and aggressive monetary policy easing are combining to provide a solid underpinning for growth," Barclays said in its June 2015 outlook.

With that fundamental backdrop, the firm added emerging markets to its overweight holdings, while keeping Europe (ex-UK) and Japan on the list. The firm maintains a "neutral" stance on the United States with a target of 2,100 on the S&P 500.