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 developed markets over the past four years. Even so, there is still good value in the sector, with valuations at or near all-time lows, both relative to its own history and to developed markets.'
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till