Fidelity outlines EMEA 'structural shift'

The region is currently dominated by the energy and financial sectors, which together represent more than half (51pc) of the market. Nick Price, manager of the Fidelity EMEA fund, said: “I expect the sectors to broaden further over the coming years. Today’s dominant sectors will remain to a certain extent but the emphasis is expected to change. "I expect financials to increase their weighting slightly while energy, materials and telecommunication services will lose share to other sectors making the market even more diversified.” Covering more than 80 countries, from Russia through to the...