Skandia: Stick with emerging markets

Although recent high oil prices and the Japanese earthquake may have dented global growth in Q1, Skandia Investment Group (SIG) remains bullish on emerging market equities and expects the global economy to perform robustly in the second half of the year. "Although the performance of Emerging Markets has been relatively poor this year, we expect Emerging Markets (and in particular China) to outperform significantly once it becomes clear inflation has peaked and that we are near the end of the hiking cycle," said SIG chief investment officer James Millard. SIG continues to be overweight...