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...
Months of negotiations
PARTNER INSIGHT: Ian Lance and Nick Purves, managers of the TM RWC UK Equity Income Fund, analyse the tug of war between value and growth that is being observed in markets today and why the future for value investing looks bright.
PARTNER INSIGHT: Ian Lance and Nick Purves, portfolio manager of the TM RWC UK Equity Income Fund, discuss the opportunity shift from growth to value after ten years of underperformance.
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Increased by ten percentage points