Where are the best opportunities in emerging markets currently?

With global emerging market equities recently rebounding to a year high, and flows returning strongly to the asset class, three managers reveal where they are looking to capitalise on the improvements in investor sentiment.

Gonzalo Pángaro, manager of the T. Rowe Price Global Emerging Markets Equity fund We maintain our positive long-term stance on emerging market equities, which should continue to grow in importance in the global economy. We expect the growth gap between emerging and developed economies to start to improve in favour of the emerging world again. Earnings expectations for 2016 started at a more modest level and, interestingly, have shown some signs of improvement more recently. The short-term revival in commodities, oil, and currencies has helped, but we are also seeing a lot more examp...