Sell-off through 2018 is starting to reverse as bargain opportunities emerge for this investment trust
Thursday 07 Mar 2019 Author: Steven Frazer
Emerging markets have swung back into favour with investors who spent most of 2018 pulling cash out of these higher risk regions. Last year the MSCI EM Index fell 14.6% versus an 8.7% decline for the MSCI World Index, which includes major markets in Europe and the US. Well-documented trade tensions between the US and China, a strong dollar (many emerging markets’ national debt is dollar denominated) and muted...