Funds looking for growth among emerging markets

Managed fund managers have turned to emerging markets to capture strong growth amid the global economic recovery. They have identified the Pacific Rim and Latin America as the most promising markets, but warn they will be sensitive to increases in US interest rates. Simon Melluish, fund manager at Gartmore, says the Gartmore Global Balanced Portfolio is overweight emerging markets against the benchmark, consisting of a combination of global bond and equity indices. For the equity component of his benchmark he uses the MSCI World Index, which has a zero allocation to emerging markets. The G...