The volume of opinion surrounding emerging markets can, at times, seem deafening, writes Peter Elston, chief investment officer at Seneca Investment Managers.
For simplicity's sake, I will discuss just two key points. The first relates to the asset class' systematic returns; the other to its non-systematic, or idiosyncratic, returns. My conclusion is that...
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In June 2016, immediately before the Brexit referendum, a curious thing happened.