Is it time to jump back into emerging market equities, and especially Chinese related shares?
The answer to this question very much depends on which narrative you feel comfortable with as a way of explaining what drives the volatile stock markets. In the good old days, we would probably just use one of two relatively straightforward metrics – fundamentals (focusing on valuations) and technical analysis (focusing on momentum). Most value investors would probably argue EM equities are cheap on any measure at current prices. Turning to technical, the picture is murkier. EM stocks have actually had a decent few weeks, up 6.5% in the last month (using the MSCI EM index) while Chine...
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