JPMAM's Claire Simmonds on whether the 2009 emerging markets success story is set to continue in 2010
After emerging markets rose a stunning 57.5% (in sterling terms) in 2009, some investors may be wondering if they have any scope to grow further as this year progresses. Emerging market equities rose 2.4% during the first quarter of 2010, slightly underperforming their developed market counterparts due to worries over rising EM inflation, a slight decline in commodity prices and the fact most investors entered the year overweight EM equities. However, it is worth remembering the 2009 rally began from valuation levels similar to crisis lows seen only a handful of times during the p...
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