Emerging markets show resilience in global crisis

Collings warns against overlooking emerging markets

Emerging markets are being overlooked despite their enormous potential for growth, Hexam Capital's Bryan Collings believes. He said perceptions of volatility in theses markets are based on presumptions that are no longer valid. "The gorilla has been kept in the cage since the last emerging markets crisis in 1998, and it has since grown," he added. Collings, a partner at Hexam, said the 1998 crisis was caused by weak fundamentals, which led to a contagion of other asset classes. Today however, it is poor US fundamentals that have prompted a global financial crisis, while emerging mar...