JPM's Forey: China's emergence is 'biggest change' since I began investing in emerging markets

China becoming a 'normal stockmarket'

Austin Forey, head of the global emerging markets fundamental team at J. P. Morgan Asset Management (JPMAM), has said the West has underestimated the impact of China, and investors should expect the biggest companies in the world to come from the region over the coming years.

The manager, who runs the group's £1.3bn JPM Emerging Markets fund and £1.2bn JPM Emerging Markets investment trust, admitted to being sceptical about investing in China for a long time but said the past few years have been a "game changer" for him, thanks to the introduction of the Shanghai-Hong Kong Stock Connect scheme in 2014 and, more recently, the inclusion of Chinese A-shares in the MSCI's Emerging Market and ACWI indices. Gallery: Six reasons the emerging markets rally will continue in 2018 "For a long time, the domestic stockmarket in China was only available to local investo...