Why EM equities are becoming a domestic play

Focus on internet and consumption

The emerging markets (EM) equities recovery that began in 2016 carried on in 2017 on the back of a rebound in earnings.

For 2018, we expect economic and earnings recovery to continue driving market performance. The improvement in profitability should be supported by revenue growth and operational leverage. We believe the upcycle for EMs will continue over the next few years as economic cycles typically last five to seven years. Consumers and companies are on a stronger footing today having deleveraged, creating pent-up demand, and should help consumption and investment growth in the coming years. This in turn should help sustain the economic momentum.   Jupiter's Teverson: How we capture value in em...