Emerging markets remain important, despite declines

Despite volatility in Chinese markets sending global equities into decline, emerging markets remain ...

Despite volatility in Chinese markets sending global equities into decline, emerging markets remain an important investment area, according to UK-based managers. Slim Feriani, chief investment officer at Progressive, says he had made no changes to his portfolios following recent volatility because he feels market timing is not advisable in emerging markets. While the MSCI Emerging Markets index has fallen 7%, Feriani anticipates it will provide average year-long growth of 20%. Feriani adds that the correction was much less than the falls seen last May. “The markets have corrected to a...