The average global emerging markets investment trust was down 7.5% over the past 12 months, accordin...
The average global emerging markets investment trust was down 7.5% over the past 12 months, according to the AITC, against a drop of 4% in the MSCI Emerging Markets Free index, which compares favourably to the performance of developed markets. Mark Mobius, manager of the Templeton Emerging Markets investment trust, said: 'Improving economic performance, low interest rates and an improvement in investor sentiment towards emerging markets should allow it to outperform developed markets.' Michael Hughes, emerging markets specialist at JPMorgan Fleming, said: 'Emerging markets has outperformed...
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