Templeton's Hardenberg on whether EM growth can continue in 2017

Five years of repair and recovery

After a return to form in 2016, and following an encouraging start to 2017, we believe that emerging markets are on course to continue their recovery based on robust and improved economic fundamentals.

Valuations have not been this low, relative to developed markets, in many years and we are seeing attractive opportunities for investors. Uncertain US policy and the tail risks involving world politics, however, should not be underplayed, particularly when it concerns Trump's protectionist rhetoric. Hardenberg boosts mid caps on £1.6bn TEMIT In the past decade, emerging market countries and their respective equity markets have changed significantly. They have become less dependent on commodities or goods exports, and more driven by domestic consumption growth, technology and servic...