Psigma's Becket eyes 'tantalising possibility' to overweight EMs

For first time since 2011

Tom Becket, chief investment officer at Psigma Investment Management, is considering moving overweight emerging markets for the first time since 2011 this year.

In what he described as a "tantalising possibility", Becket (pictured) said the move would be driven by attractive valuations and the opportunity for earnings growth in Asia. In its five managed portfolios, the company currently has between 4% to 8% allocated to emerging markets, having already moved its underweight position to neutral. Becket said: "Valuations in Asia generally are at levels that are screaming 'buying opportunity', unless one thinks we are in Asian financial crisis or global financial crisis territory. That is not our view. "It is worth noting that at the start of...