“Simply increasing broad exposure to emerging markets is no longer enough and it is necessary to discriminate between countries and regions. In each case, it is important to weigh up the risks of investing against the expected rewards.”
For Mr Stevenson the prospects for China are positive, pointing out that companies in sectors such as automation, private medical care and financials are benefiting from the country’s shift.
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He adds: “The transition to a consumption-led economy is well underway as indicated by the successful, recent IPO of Alibaba, and will help spur long-term growth for China.”
Eleanor Duncan is deputy features editor at Investment Adviser
eleanor.duncan@ft.com
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