GE Investments expanded its product line to offer investing in emerging markets equities. Its new $200 million emerging markets portfolio includes $100 million from Chrysler Corp.'s pension fund.
In developing markets GE is ``looking for undervalued growth opportunities based on a company's price-to-cash earnings relative to its long-term growth rate,'' said Ralph Layman, GE's executive vice president and head of international equities in a statement.
In the past GE Investments' emerging markets investments were confined to real estate, a spokesman said.
