China and India 'key' emerging markets for private wealth investors

Private wealth investors who have been deterred from stocks and funds in Europe may like to focus on emerging markets, particularly China and India, instead.

That is because strong long-term fundamentals are still in place in emerging markets due to rising employment, strong loan growth and capitalisation utilisation, which will boost the economy in the region.

Such is the opinion of Roberto Lampl, head of global emerging market equities and manager of the Baring Global Emerging Markets Fund.

He said: "We prefer China and India for consumer exposure and we have reduced our exposure to cyclically-exposed stocks where earnings will likely be adversely impacted by the slowdown. We continue to have a strong preference for gold miners."

Mr Lampl added that China still offers a strong return on investments as the econmy is performing well.

Last week, Barings Asset Management announced it will be launching a new fund focusing on India on December 7th, which may be appealing to private wealth investors hoping to make money outside of Europe.
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