Having suggested earlier this year emerging markets still offered value - and seen that so far work out like his predicting Spain would win the World Cup - Darius McDermott revisits the sector and urges selectivity
It was only six months ago I was explaining why, despite the fact they had leapt ahead of their developed market counterparts over the previous year, emerging markets still offered bang for your buck,. Since then, however, the average emerging market equity and emerging market bond funds are down 8.54% and 4.72% respectively, according to FE Analytics. This makes it the second time this year my predictions have not quite gone to plan - I thought Spain would win the World Cup this year. So what has happened? The strong US dollar has impacted emerging markets across the board. Latin Ame...
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