CONTRARIAN OPPORTUNITIES FOR INVESTORS:
Max King, a strategist with Investec Asset Management, believes that emerging markets indices may be lacklustre for a while and there are likely to be plenty of opportunities arising from this.
“Emerging markets have underperformed developed markets by 12% in the year to date and by 26% since October 2010.
“Emerging-market companies that have focused on shareholder returns rather than growth for its own sake have performed well. The phase of index underperformance may not be over yet, but we believe the case for selectively adding emerging market exposure is growing.”