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

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.”

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Clicks Group Ltd10.85 EUR0.00
Dr Reddy's Laboratories Ltd ADR52.01 USD0.00
Housing Development Finance Corp Ltd1,886.00 INR0.00
RBC Emerging Markets Equity Fund F18.19 CAD-0.85
Taiwan Semiconductor Manufacturing Co Ltd ADR63.85 USD0.00

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.

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