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

Asian stocks to lead charge against developed markets

Lauren Mason
Anu Narula of Mirabaud

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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