Emerging market investors could see returns in excess of 50% this year, according to Jeff Chowdry, p...
Emerging market investors could see returns in excess of 50% this year, according to Jeff Chowdry, principal fund manager at Foreign & Colonial's emerging markets investment trust. Chowdry believes the underperformance which has dogged the emerging sector is in the process of reversal, triggered by the long awaited fall in US interest rates. He said: "Emerging markets are sensitive to US interest rates, many economies in the emerging bracket having high levels of government debt. A fall in US interest rates immediately reduces the burden on government coffers and usually precedes a recove...
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