Emerging markets gaining favour among investors

AS the US stock markets are in a frothy mood, with the Dow Jones Industrial Average and the S&P 500 just off their new highs, one may think that the attention of fund managers and investment money is on the world’s largest economy.

That is, however, not the case, as emerging markets (EM) too have found favour among investors, with many markets and currencies enjoying buoyancy in recent months.