Which are the standout trusts for emerging markets exposure?

EM trusts should be given a 'fair hearing'

Kepler Trust Intelligence's Pascal Dowling takes a closer look at emerging market opportunities in the closed-ended space.

Emerging markets have had a tough time of it in recent years. So why, with all this talk of war in Korea and other threats, look at emerging markets now? Simply because the disparity between perceived risk versus returns in developed markets and their emerging counterparts, at least as implied by valuations, is staggering. Terry Smith: ETF popularity has hindered performance on emerging equity trust China, where GDP growth is targeted at 6.5%, sits on just 7.6x earnings while Britain, in the throes of protracted political turmoil and a messy divorce, sits on a P/E of 36x. It is ...