Geffen: 'We may look back on 2016 as year investors should have bought EMs'

Geffen (pictured) has added 1.5% in Russian Sberbank in the past few weeks and increased exposure to Chinese internet stocks, some of the few emerging market holdings he has retained over the past couple of years. "Clearly, EMs go through cycles of five to seven great years, and then five to seven lean years. We have recently seen the lean years but these countries are not going away, especially if you look at the populations and their strategic positions in the world. "They are very large countries and can absolutely deliver multi-year returns again." RWC's Mallal: 'People startin...