John Chatfeild-Roberts, head of the Jupiter Independent Funds Team, comments on recent market volatility and the value now appearing in emerging markets.
The Chinese market bubble has been bursting for some time and it probably has further to fall. However, I feel that the declines in Western stock markets have been a knee-jerk reaction in thin summer trading. August has often been a good buying opportunity historically. Many Western economies, the US and UK in particular, are seeing good growth as shown by falling unemployment and rising wages. The fall in the oil price, which I believe has been driven more by supply (more efficient fracking and continued Saudi pumping) than demand, is a huge positive which should boost economic ac...
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