Is value still the way forward in emerging markets?

Finished substantially ahead for 2018

Investing in global emerging market (GEM) equities has been an emotional rollercoaster over the past few years.

While GEM equity investors experienced a very strong bull market rally through 2016 and 2017, they then felt pain in the recent correction in 2018.  Throughout this period, we have also seen huge dispersion in performance between different investment styles. Value investing outperformed in 2016, had its worst year on record in 2017, and following a weak start, finished substantially ahead for 2018. This puts MSCI EM value marginally ahead of the benchmark over the three years to the end of October. Fund selectors hold nerve on under-fire EMs despite headwinds; Which funds have weat...