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How I clawed back the emerging markets crash

by Sean Butters Sep 30, 2016 at 11:01

Emerging markets have been difficult for at least three years but the tide appears to have turned in 2016. Omar Negyal, manager of JP Morgan Global Emerging Markets Income Trust (JEMI), whose shares have surged 43% this year, tells Citywire's Sean Butters that the recovery is in its early stage but needs proper growth in corporate profits to continue.

Nevertheless, the manager is confident about prospects for his portfolio of income-generating consumer, telecom and utility stocks, saying emerging markets still look cheap compared to historical valuations.

While Negyal has been pleased to see an improvement in China's economy, he finds better income investing opportunities elsewhere, for example Taiwan, which he says has a 'serious dividend culture'. Companies from the country represent 20% of the portfolio.

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Comments  (4)

  • Micawber: 

    No transcript. I've no time to watch a whole vid...

    12:48 on 30 September 2016

  • PHMH: 

    I agree; I hope a transcript will follow imminently.

    14:03 on 30 September 2016

  • Peter59: 

    I bought JEMI around 5 years and plan to stay with it as a core EM holding but I do wonder whether an ETF would do the job better and cheaper. Does a manager really add value in this asset?

    13:48 on 01 October 2016

  • mc2: 

    Morningstar is much better, it puts just the transcript. Here they should do the same, save themselves writing the report and just publish the transcript which is all we need

    11:45 on 02 October 2016

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