Despite the volatility of the last few years and the continued economic malaise in much of the developed world, global stocks are still attractive, according to executives at Morgan Stanley.

 “We’re favoring global equities over bonds and cash,” Charles Reinhard, deputy chief investment officer, told a press briefing. He noted that although the recent earnings season showed revenues to have been “soft” as the global economy has slowed, “margins have held up well.”

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