Edward Lam, lead manager of the Somerset Emerging Markets Dividend Growth fund, takes a closer look at whether EMs can keep up their impressive run.
2017 marked the second calendar year in a row where emerging markets outperformed developed markets. The MSCI Emerging Markets index had its best year since the rebound of 2009 last year, returning 37.3% in dollar terms compared to 22.4% from the MSCI World index. A key question clients are asking at the moment is whether or not the asset class can keep up its impressive run; is this just another cyclical rally, or are we in a bull market? Somerset Capital launches feeder fund for flagship vehicle Many are sceptical, and while I am sympathetic to the cautious, I believe now is no...
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