Great Rotation Buoys Emerging Stocks That Were Shunned for Past Two Years
- Schroder boosts holding to 6 percent in multi-asset funds
- Emerging equities trade at 30 percent discount to U.S. peers
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The world’s riskiest stock markets are being swept up in the great rotation from bonds to equities.
The prospect of the fastest economic growth in the developing world since 2013 is luring global investors back into emerging-market equities. Schroder Investment Management Ltd. has built up a 6 percent holding across its $114 billion multi-asset portfolio this year after being absent from the asset class for half a decade. BlackRock Inc. and ABN Amro Bank are also buyers.