Valuations looking favourable on the frontier: Manager

Emerging market opportunities are on sale, and there’s still potential in a growth play, says RBC’s Laurence Bensafi

Diana Cawfield 28 November, 2019 | 1:49AM
Facebook Twitter LinkedIn

Mumbai India

If you’re an investor with a long-term view and can weather volatility, valuations in emerging markets look really attractive, according to Laurence Bensafi, deputy head of emerging markets equities at RBC Global Asset Management (UK) Ltd.

“Compared to developed markets,” says Bensafi, “valuations today trade at a discount of about 25%, which is one of the highest discounts that we’ve seen. Over the past few years, developed markets, especially U.S. equities, have been outperforming emerging markets. But over the long term, we still feel emerging markets are a good place to invest.”

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free
Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Clicks Group Ltd16.40 EUR0.00
Dr Reddy's Laboratories Ltd ADR64.65 USD0.00Rating
Housing Development Finance Corp Ltd2,811.50 INR0.00
RBC Emerging Markets Equity Fund F19.42 CAD-0.52Rating
Taiwan Semiconductor Manufacturing Co Ltd ADR115.34 USD0.00Rating

About Author

Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy