Why there are still opportunities in 'underinvested' emerging markets

With EM economic indicators accelerating rapidly - and faster than those in developed markets - this growth has driven a dramatic improvement in earnings prospects for corporates across the board.  Vontobel's van Overfelt on the fundamentals driving EMD markets During the quantitative easing (QE) era, corporate profitability suffered dramatically as the low-growth backdrop caused top-line growth to stumble. We are now seeing a reversal of this trend as companies regain pricing power and margins expand again.  Moreover, capex requirements are low thanks to overcapacity from the p...