Slim Feriani gives his take on emerging markets

The past decade was the worst for Wall Street since the 1930s; the S&P 500 lost 24.1% in sterling terms, which was worse than the FTSE 100 (-14.8%) and MSCI World (-17.7 %). In contrast, the MSCI Emerging Markets Index returned 102.3%. This was despite the fact the decade included the aftermath of the Asian crisis and Russian default, the bursting of the technology bubble in 2000, the Argentinean crisis in 2001, September 11, the Iraq War and SARS, not forgetting the sub-prime crisis and bear market of 2007-2009 (when two thirds of the EM index was wiped out). We believe it is just the b...