Change font size:   

June 2009

Emerging market equities: Don’t believe the hype


The emerging market equity boom might turn out to be leverage-fuelled.




The decoupling theory is back in vogue. Emerging markets equity prices are at an all-time high compared with developed markets. The FTSE All-World All-Emerging index is up 66% since its lows at the end of October. The Shanghai Composite index has risen 45% this year in local-currency terms.

Money continues to flow into emerging markets funds. Since the beginning of the year emerging markets equities funds have seen net inflows of $22.3 billion, according to EPFR Global, a data provider, as investors gravitate again...


Please log in now to view.
Enter your username (email address) and password at the top right-hand side of euromoney.com.

If you do not currently have access to this content, visit the subscription page or call our hotline on +44 (0)207 779 8999.

Subscribe online now and save up to 30%


Subscribe

Subscribers to Euromoney benefit from:

  • 12 months access in print and online - on euromoney.com, read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 1996 
  • More than 30 specialist research guides free
  • The results of Euromoney’s polls and surveys
  • Tailored RSS news feeds direct to your desktop
  • News delivered directly to your mobile device or PC
  • Personalised email newsfeed of 'Top stories' and 'Breaking news'

Click here to subscribe




We actually quite like to be underestimated, and for a long time I think we were. Perhaps that’s less the case now

Peter Sands, chief executive of Standard Chartered, knows the bank is perceived as one of the winners from the chaos of the credit crisis

Ruromoney Jobs Post a job