Emerging Markets

Sanctions lifted after 36 years

With the bears on a rampage, it is increasingly incumbent on those of us who regard ourselves as cautious optimists to get real about what could go wrong, writes David Stevenson.

A global price war in crude oil saw the price per barrel drop below $28 this month, as a supply glut and weak global growth continue to hammer the commodities sector as a whole.

The very different economies grouped under the emerging markets label offer contrasting prospects for investors. India, for example, continues on a gradual reform path and we believe its outperformance is not a quirk and should continue.

Stock exchange worth $200bn

For first time since 2011

Forecasting major downturn

Joint venture with Turquoise Partners

QE boosted asset prices in emerging markets

Did not expect the RMB to hold up