'No-one is breaking out the champagne': emerging markets investors treading carefully

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'No-one is breaking out the champagne': emerging markets investors treading carefully
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After plowing billions into emerging market equities since October, investors ha...

The inclusion of China’s domestic A-Shares into MSCI’s emerging markets index has also been a game-changer, making it far easier for international investors to access Chinese stocks.

But investors are treading with caution, having learnt the hard way not to be too hopeful after many false dawns. Earnings for EM overall are expected to grow 6.8 percent this year - down from the 12 percent growth expected back in September, but still set to outpace the United States.

Some, like Peter Elam Hakansson, chairman and CIO at East Capital in Stockholm, are homing in on specific countries where they see particularly strong earnings growth.

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