Fund buyers focus on EMs as valuations tumble

Four managers reveal their recent asset allocation moves and top picks from the EM equity space.

Wealth managers are shifting money from holdings in developed equity markets to emerging markets, as part of a move to take advantage of the sell-off which has engulfed developing economies. Investors are starting to turn bearish on developed markets, having enjoyed a great run so far this year, with speculation QE in the US may be curtailed driving down equity valuations. Emerging market equities have by no means been immune to changing sentiment, with valuations tumbling alongside rises in major markets such as the FTSE 100 and S&P 500, but as many regions have made losses year to d...