Moneyspider in the News
10/11/2007
Emerge into new global markets
Scotsman
Emerging markets are fast becoming the
hot investment topic as people look for new areas where they think they
will get decent returns.
And China is top of the list for a lot
of financial advisers and their clients; given the rapid growth it has
been experiencing.
It has been in the news this week, with
oil company PetrolChina almost tripling its value on the first day of
trading on Monday to become the world's first company to be valued
at $1 trillion. To put this into perspective, this makes it larger than
the entire Russian stock market.
Another landmark event this week was
the announcement from Marks & Spencer that it is to open stores
in both China and India. There are undoubtedly opportunities to be had
in these emerging markets and in recent times they have proved an excellent
place to invest to counter market turmoil.
New research from Moneyspider.com,
a fund analyst, revealed emerging market equity funds have absorbed
more than £2.4 billion in the past three weeks, as investors continue
to bale out of the under-performing developed market funds.
Tony Ahearne of Moneyspider.com
said: 'Emerging markets have come along way since their inherent difficulties
in the 1990s and today improved political stability in many hitherto
no-go parts of the world, combined with rising exports and higher degree
of economical autonomy have manifested themselves in the strong performances
of the funds.'
|
