Which funds stand out in the troubled emerging markets?

FUND SELECTION

Despite a recent bounce, the emerging market universe has undoubtedly been struggling following a change in market sentiment.

An indication by the US that it would start to taper its quantitative easing programme, something it started doing late in 2013, caused emerging markets to fall in value relative to Western developed markets since the middle of last year. This has meant that, despite the momentum in Western equity markets through 2013, we have not seen the same from emerging markets – particularly Latin America. The position has been exacerbated by the recent uncertainty over China and its likely future growth rate, which is a core driver of confidence in the region. In reality, the dispersion of g...