IFAs urged to revamp asset allocation after EM success

The firm says UK savers have just 2.3% in global emerging markets, according to IMA statistics for April, even though they now account for 30% of world GDP. Fidelity says it will not be long before some of the more prominent emerging markets are no longer deemed volatile areas of investment. Peter Hicks, executive director UK Retail at Fidelity International, says advisers and investors may want to consider revising their asset allocation models. “Isn’t it time for investors to raise their exposure to emerging markets from just 2.3%? “Matching the GDP figure of 30% may be too much of a ...