Emerging markets set to outperform

Asia and other emerging markets are on a strong footing to outperform, with valuations less than half their Western peers, according to Lloyd George Management. As a result, Robert Lloyd George, chairman and chief executive of the group, is cautiously bullish on the sector after a difficult 2001. He said: 'After two and a half months, market sentiment for the year 2002 has brightened up considerably and there are definite signs of economic recovery round the world. The US econ-omy is growing again, although the second half may see some deceleration. But most importantly, Japan has turned...