Trouble ahead for Emerging Markets?

According to James Harries, manager at Troy Asset Management, investors should stay away rom emerging markets despite recent positive outlook.

“I have a relatively strong view on emerging markets and it isn’t good, in the sense that the recent history has been characterised by a grand reach for yield. As an income manager, one has to be very cognisant of that because whenever everyone else is reaching for yield is the time when you shouldn’t be," said Harries.

Emerging markets have outperformed others in 2016, with 23.55 per cent return compared to the FSCI 100's of 9.1 and the MSCI AC World Index's of 16.18

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