Swip backs emerging markets infrastructure equities

Scottish Widows Investment Partnership emerging markets investment director Joanna Terrett is backing...

Scottish Widows Investment Partnership emerging markets investment director Joanna Terrett is backing infrastructure stocks in the sector as 10 year holdings. In a Swip clients' newsletter she cites Morgan Stanley figures putting emerging markets infrastructure investment worldwide at $22tr over the coming decade. She also points to Chinese power station building and Brazilian social housing development as long term opportunities in the area. Terret says: "With improved infrastructure comes improved efficiencies and productivity, and a subsequent and highly visible knock-on effect ...