Emerging stock markets continue to perform

PETALING JAYA: Emerging stock markets should continue to perform as their economies have suffered a more “normal cyclical” slowdown as opposed to a “structural” recession in the developed world.

In their September note to clients, Schroders head of emerging markets, equities Allan Conway and emerging markets fund manager/strategist Nicholas Field said the US recession had clearly been structural, with major systemic failure in the banking system.