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Feature: Feel the quality
24 August 2010
The doom-laden headlines have been such that the The European equities sector is looking like a good example of contrarian investing
As Europe wrestles with the fall out from the global credit crisis, it comes as no surprise that fund managers should turn their attention to other markets. The search for higher returns, to meet pension fund liabilities and close funding gaps, has forced managers to consider multi-asset or absolute return strategies, perhaps combined with passive strategies, such as exchange traded funds. And within the equities sector, the focus has been on the more compelling case presented by the emerging markets.All the emerging market data sets point in one direction: GDP growth of anywhere between 5% and 10% or more, cheaper valuations and non-correlated diversification. The rebalancing of portfolios in favour of emerging market economies has been such as to persuade observers to talk about a fundamental shift in financial balance of power from the developed economies of the West to the developing economies of Asia, Middle East and Latin America....
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