Stat of the day – time to start building exposure in emerging markets?

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The following chart grabbed my attention today which shows the number of emerging market companies trading below replacement value (tangible book). At 34% it is the highest it has been since 2003 and in fact has taken out the figure seen at the lows of the financial crisis.

Here at Titan we wonder whether, given that PE’s are at the bottom end of their 20 year range, and that fund managers are en bloc the most underweight here for many a year, whether our recent nibbling of selected emerging markets will prove as prescient as this here – http://www.spreadbetmagazine.com/blog/titan-investment-partners-why-we-have-moved-to-a-maximum-net.html

For more details on our unique tax free* funds and our 2014 outlook click below.

You should not take this piece as an advocation to trade in any of the instruments mentioned and should always take professional advice in relation to your own personal circumstances.

All Titan Funds operate within a spread betting account which means gains or losses are currently free of tax. However, legislation can change in the future. Spread betting is a leveraged product which could result in losses of some or even all of your initial deposit. Ensure you fully understand the risks.

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