FYI: Sebastien Page believes stock investors have the wrong idea about emerging markets.
T. Rowe Price’s head of global multi-asset says investors’ outdated views are keeping them from capitalizing on what he thinks is a good area to put money right now.
Emerging markets “are more resistant to contagion than they use to be. They are less dependent on commodities,” he said. Technology companies, he added, are much larger and important EM players than in the past.
Page and his team divide about $268 billion among T. Rowe Price’s stock funds, bond funds and other investments for T. Rowe Price’s private clients, institutional investors and target-date funds. Each fund’s managers decide on their own asset allocation and pick the individual securities. Page’s positive view of emerging markets isn’t a “house view” for T. Rowe Price — it only applies to the multi-asset portfolios the firm manages.
Regards,
Ted
https://www.marketwatch.com/story/why-investors-should-update-their-thinking-on-emerging-market-stocks-2019-02-08/print
