Are emerging markets on sale?

CI's Matthew Strauss cites widening of valuations gap with developed markets.

Sonita Horvitch 5 June, 2013 | 6:00PM
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Matthew Strauss, vice-president and portfolio manager at Signature Global Asset Management, says that it is more challenging now to invest in emerging-market equities than it was in the period between 2002 and 2011.

"Those were nine golden years, with all the stars in alignment," says Strauss, who specializes in evaluating the economies of developing countries, as well as analyzing foreign-exchange trends. "Over that period, China was growing at a rapid pace and other major emerging economies, such as Brazil and India were also doing well."

This virtuous state, he says, was reflected in the ascent of the MSCI Emerging Markets Index. From 2002 until 2011, it handily outperformed the MSCI World Index, the benchmark for developed economies.

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Sonita Horvitch

Sonita Horvitch  

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