Jeremy Thomas, manager of the Brunner investment trust, says history tells us the EM crisis is far from over, but managers should not stop searching for low entry points.
The second reading of UK economic growth in the last quarter of 2013 remained unrevised, but the current account deficit came in much higher than expected, official data has revealed.
The Office for Budget Responsibility (OBR) has raised its forecast for UK economic growth this year as the recovery continues to gather pace.
Markets across Asia fell sharply overnight, with key indices shedding over 3%, as worries about the health of the Chinese economy and its ability to re-balance continued to hurt equities.