Langridge flags up long-term entry point for GEM investors

Emerging markets face a tough summer but this could lead to an entry point for investors at the end of Q3, said Jupiter's Kathryn Langridge.

The manager of the Global Emerging Markets fund said so far this year emerging markets have fallen by more than 4%, which is the worst performance against Japan and the rest of the world on record. Langridge said: “The overarching story driving the asset class is that it is structurally and fundamentally challenging. This idea will prevail over the summer, leading to a buying opportunity at the end of the third quarter.” The current downturn results from a potent mix of political unrest in Turkey, coinciding with US treasury yields spiking above emerging market debt. “The focus is ...