Emerging markets have been badly hit by the global financial crisis, despite them not having the deleveraging problems of the developed world, according to Schroders' Allan Conway.
Conway, head of emerging market equities, asserted that the problem was one of reduced liquidity and the impact of adverse sentiment. He said: "Emerging equity markets have fallen sharply recently with the current crisis in the global financial sector having a major impact on sentiment and flows to these markets. The drop in commodity prices we have seen has also weighed considerably on emerging markets." Conway is, nevertheless, confident of emerging markets performing well over the medium term. He added: "Although our overall view on the outlook for emerging markets remains uncha...
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