Vantage Point: Investing for lower rates  

What can change the outloook for emerging markets?

"However, investors should keep their eye on Latin America, which currently benefits from some of the most attractive valuations globally. When combined with its positive fundamentals, a strong investment case for the region is beginning to emerge.

"Global valuations undoubtedly are stretched, but a closer look reveals pockets of potential opportunity that can benefit from the constructive macro backdrop."

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David Thorpe is investment editor at FT Adviser