Emerging markets are not homogeneous and there are opportunities to be found in areas of the market where the risks are less pronounced and where valuation support is evident.
It has been a challenging year for emerging markets against the backdrop of inflation, geopolitical tensions and slowing growth, and we expect these factors to persist into the new year. The asset class has de-rated significantly, particularly when compared to developed markets. Earnings downgrades in certain industries will come, and some companies will be particularly vulnerable to higher costs, recession, and potentially punitive sanctions. Fidelity sheds carbon cutting fund name However, it is easy to become fixated on the past and forget that the market is a forward discoun...
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