China

At the start of the year, broad-based fears that an emergency step devaluation of the renminbi was needed to prevent China's economy undergoing a 'hard-landing' were weighing heavily on the country's stockmarket.

Maarten-Jan Bakkum, senior strategist, emerging markets at NN Investment Partners, explains how a small group of troubled countries is responsible for the deterioration of the average growth momentum in EMs.

Five years of downgrades

Especially with China remaining uncertain

Sold exposure following Brexit

Upgraded UK and European forecasts

China vehicles top but property funds hit

Highlights India and Indonesia

Three times above danger level

Increasing allocations