Short-term market swings will not derail EM companies

ON EMERGING MARKETS

MICHAEL GODFREY, co-manager of the M&G Global Emerging Markets fund Emerging Markets

For more information on Emerging Markets, search Adviserhound.com We remain as optimistic as ever about the investment opportunities in the emerging markets despite what has so far been a volatile year. We are long-term investors and the changes taking place in the corporate culture of many companies across Asia, Latin America and Eastern Europe will not be derailed by short-term market swings or the vagaries in economic cycles. This multi-decade trend will result in better profitability and stronger value creation. There is no clear relationship between economic growth and stoc...