Mirabaud's Narula: Why a 'second coming' is on the cards for emerging markets

Asian stocks to lead charge against developed markets

Lauren Mason
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Anu Narula of Mirabaud
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Anu Narula of Mirabaud

There is likely to be a 'second coming' for emerging market equities as the world heads into 2021 and beyond, according to Mirabaud's Anu Narula, who said Asia – and China in particular – is catching up with the US in terms of its technology capabilities.

Narula, who is head of global equities at the firm, currently has a 5.5% allocation to Chinese stocks within his £382m Sustainable Global Focus fund, compared to a 78.6% weighting in US equities. However, he expects his EM exposure to increase over time. IW Long Reads: New frontiers - are emerging markets ready to take the dollar's place as a safe haven? "Ideally, we would own emerging market stocks where there is a strong global leader operating within one of the themes we like, or where the domestic story is particularly strong," he explained. "I do think our weighting will go up...

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