Region's valuations are still attractive

By Richard Cardiff, Asia and Japan regional specialist at JP Morgan Fleming Asset Management The emerging market asset class is often seen by investors as a leveraged play on the global economy. The strong weighting of cyclical companies within emerging stock markets, whether manufacturing or raw materials, makes the asset class sensitive to changes in global demand. With many analysts now predicting an upturn in US and global growth from mid-2002, is now the time to be looking for an increased exposure in emerging markets? In the first place, emerging markets tend to outp...