Emerging market techsector set for good year

The emerging markets technology sector is poised to enjoy a good year, with increased demand on the back of the Federal Reserve's reduction in interest rates. Following the Fed's second interest rate reduction in a month, Taiwan saw its index jump 6.53% in sterling terms, while the South Korean composite index rose 2.83% in sterling terms. Philip Ehrmann, head of Pacific and Emerging Markets at Gartmore, says: "The emerging markets technology sector has risen by more year to date than the US equivalent This is because of the rate reduction and because emerging market valuations were never ...