Hermes: Emerging market sentiment has changed

Emerging markets fund managers have been the wallflowers at investment gatherings since the global financial crisis. We look on wistfully as US equity managers get all the attention. Even European managers have gone from ‘do not touch with a bargepole’ to attracting more than a few come-hither glances over the past few months, as investors muse that the lingering problems of the PIIGS may not make a sow of the entire continent. Perceptions have changed with regard to emerging markets. Even Goldman Sachs’ Jim O’Neill has mooted dropping India from the BRIC acronym. This not only dis...