Emerging market stocks Despite a recent surge, emerging markets still offer a good bang for your buck.The s 500 is trading at about 17 times expected earnings.Compare that to the msci emerging markets index, which is only trading at 13 times earnings.A popular fund, the ishares msci emerging markets etf(Eem), is up 6% in the past month alone. "They are relatively inexpensive in a world where there are few bargains,"Says jeff kleintop, chief global strategist at charles schwab. Many people buy into the idea that countries like china and brazil will grow their middle class substantially in the coming years, but the reason to purchase emerging market stocks right now is all about oil. Oil opportunity:Plunging oil and other commodity prices do hurt some countries like russia, but the majority of emerging market nations now import more oil than they export.That means low oil prices are good for many emerging countries and their businesses. The tide has turned for the heavyweigh ... Read more »