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Article: Emerging markets: long-term potential. (World Markets).(Brief Article)
- Article from:
- What Investment
- Article date:
- July 1, 2002
CopyrightCOPYRIGHT 2002 Vitesse Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The cyclical pick-up in the global economy is feeding through into emerging markets in a significant way, but all eyes remain on the US
"Over the last four or five years, emerging market equity has been a very disappointing asset class," says Sam Mahtani, global portfolio manager at F&C Emerging Markets. "The devaluations of 1997-1998 exposed a lot of the problems that these economies have. However, the position has been improving because of a combination of structural and cyclical factors. Among the most important is that foreign direct investment is reaching record levels in emerging markets and we are seeing corporate governance improving in a lot of emerging ...