Look beyond India and China for best of EM opportunities

Claire Simmonds, client portfolio manager at JPMorgan Asset Management, said at the International Investment London Forum that the emerging markets boom is far from over, but investors have to look beyond India and China to access the best opportunities. However, Simmonds argued that although valuations have increased, return on equity has also increased, and this is more important for emerging market investors than GDP growth. Emerging markets economies now have current account surpluses, and are better run and less volatile, but the real change in many emerging markets is earnings per...