Fidelity's Price: India leads the way in EMs

Seen bold reforms including demonetisation

While I am not a natural bull, I do believe emerging market equities currently look attractive relative to developed markets.

My preferred valuation metric of price/book indicates a 30% discount relative to developed markets. Couple this with an average emerging market economic growth rate of 3% in excess of developed markets and the case is easily made.   Having said that, emerging market investing is a broad category; encompassing countries as divergent as South Africa, India, China and Turkey, all with their own unique issues and economies. The next political crisis is never far away. Why EM companies need to live up to expectations this year That is why the companies I include in my portfolio have ...