Langridge flags up long-term entry point for GEM investors

The manager of the Global Emerging Markets fund said so far this year emerging markets have fallen by more than 4%, which is the worst performance against Japan and the rest of the world on record. Langridge said: “The overarching story driving the asset class is that it is structurally and fundamentally challenging. This idea will prevail over the summer, leading to a buying opportunity at the end of the third quarter.” The current downturn results from a potent mix of political unrest in Turkey, coinciding with US treasury yields spiking above emerging market debt. “The focus is ...