Have emerging markets saved the best 'til last?

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Christmas has come early. The US Federal Reserve is making all sorts of conciliatory noises on the m...

Christmas has come early. The US Federal Reserve is making all sorts of conciliatory noises on the monetary policy front and the euro is becoming positively headstrong with gains three days in a row for the first time in months. To top it all, the oil price is easing back below $30/barrel as Iraq's threat to halt supply is lifted. There's only a couple of weeks to go but we might get the year-end rally after all. However, anyone invested in emerging markets is going to be chewing their nails over the festive season. The whole asset class has been a major disappointment this year, but the ...

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