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Emerging markets fund managers and economists are split over the relative merits of the Latin American market versus Asia. The two areas make up the majority of the MSCI Emerging Markets Index with Asia representing 51.6% compared to 23.4% for Latin America but there are differing views about which offers the better bet. Ashok Shah, head of emerging markets equities at Old Mutual Asset Managers, believes that views of the two regions, and consequently weightings, are biased by historical perspectives. The target weighting for Old Mutual is underweight the index in emerging Asia, with a w...