Best EM opportunities outside of BRICs: Merrills' O'Neill

Merrill Lynch strategist Bill O'Neill remains positive on the outlook for China, but believes other emerging markets offer better value than the remaining BRIC countries.

O’Neill, portfolio strategist for Merrill Lynch Global Wealth Management EMEA, says China’s growth is set to continue on the back of positive corporate results and investment from the US, forecasting an increase of over 10% in 2010. “China remains the crucial player and as long as the US economic recovery is not established, and its capital expenditure requirements for liquidity remain limited, investment flows are likely to continue their journey into China,” he says. “The bottom line, in our view, is that investors should view China as a strategic holding in equity portfolios, in th...