Morgan Stanley reduced weighting of Peru, said that his market is "very overbought" Investment bank Morgan Stanley reduced the weighting of Peru in your portfolio at levels "below average", after he placed in "similar to the market average. As reported by Reuters, the bank said that the Peruvian market "looks expensive relative to its history and with their peers and is very overbought. Importantly, weight reduction also affects Chile. Morgan Stanley said expectations for earnings growth in the southern country had fallen. "Without a building, pension funds should continue to allocate resources to foreign stocks," the bank said. On the other hand, the bank went to Malaysia and Egypt to "above the market average," while reducing the weighting of India, where it is expected that

interest rates start to rise in early 2010. Morgan Stanley now has a higher weighting to the market average in Brazil, China, Taiwan, India, Israel, Poland, Malaysia and Egypt. It also has a weight lower than average in South Africa, Turkey, Hungary, Thailand, Philippines, Peru and Chile.