Emerging market equities are trading on a 35% discount relative to history and look set to outperf...
Emerging market equities are trading on a 35% discount relative to history and look set to outperform developed economies over the long-term, according to Kate Munday, head of global emerging markets at Barings. Munday said emerging markets are currently trading on an average P/E of 11, compared to the norm of 14 seen over the past seven years. She believes the fundamentals are in place for the sector to outperform, while other external factors, such as the weakening US dollar, make the case stronger. Speaking at the Investment Week Markets Forum, she noted: 'We believe the US dolla...
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