Peer under the bonnet of most emerging markets funds and what do you expect to find. A core portfoli...
Peer under the bonnet of most emerging markets funds and what do you expect to find. A core portfolio of stocks in basic industries and resources, a fair few banks and utilities maybe, with a sprinkling of capital goods manufacturers and the like thrown in for good measure. Right? Wrong. Of course, most of these kinds of stocks would be represented but not as heavily as you might think. These days the managers of emerging markets funds are more likely to be found sifting through a pile of electronics magazines, than piling into gold mining shares. There are good reasons for this. Electro...
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