Many exciting things are happening in emerging market economies, with countries such as China and India at the forefront of technological change.
But the world is teetering on the edge of prolonged and deep recession, a condition in which emerging market assets rarely thrive.
But with China's economy likely to become the largest in the world later this year, and commodities no longer the dominant sector in the emerging market stock universe, and with positive demographics driving growth, where there is a large increase in the number of people entering the middle class, is it time to look past the short-term economics and focus on the longer-term picture?
And if one is allocating to emerging markets, what is the best way to get exposure to fast growing areas of the world? Global funds typically have some holdings in emerging markets, but is that enough to generate real value?
This report aims to address those questions. It is worth 30 minutes of CPD.
davd.thorpe@ft.com
