How wealth managers are upping their GEM exposure

The Global Emerging Markets sector lost 18.89% last year, while regional indices posted similar losses, but the tide appears to be turning in 2012. The latest Bank of America Merrill Lynch fund manager survey found asset allocators have doubled the size of their emerging markets positions to 44%. Investors have poured $11.3bn into emerging markets so far in 2012, with the asset class enjoying its best start to the year for inflows since 2006, according to data from EPFR Global. Many fund managers have been buoyed by the fact central banks in emerging markets, particularly China and...