Messier politics, better results?

Emerging markets with the messiest politics have a direct relationship to better performance, according to the joint head of Old Mutual Investment Group's emerging markets vertical.

The head pointed to Brazil to prove his messy politics theory.

“The politics always give us an opportunity. The best-performing market in the world this year is Brazil, which had one of the messiest politics. Russia is the second-best performer, which also has some of the worst politics," said Siboniso Nxumalo, co-head of Global Emerging Markets at OMIG.

Brazil's bechmark Ibovespa stock exchange is up 31 per cent this year despite the impeachment of former President Rousseff and economic stagnation. The exchange declined 13 per cent decline in 2015.

Russian stocks gained 15 per cent, despite US sanctions imposed for the annexation of Crimea in 2014.

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Turkey and South Africa are ripe for investing, says Nxumalo.

Read more at Bloomberg.