IFAs backing investments in emerging markets

Tue, 13 Jul 2010

A new survey of independent financial advisers (IFA) has established that they expect emerging markets to be the best performing investments over coming months.

The research by Ignis Asset Management found that 80 per cent backed emerging markets, with US equities and commodities also finding favour.

Meanwhile, there was less enthusiasm about investing in Cash and gilts, with the majority of IFAs expecting them to perform poorly.

Rob Page of Ignis Asset Management said: "Emerging markets are often cited as the asset class most likely to deliver strong returns over the long term, but the research shows advisers clearly expect them to deliver in the short term too.

"US equities are another favoured asset class, with advisers subscribing to the view that the US market will rise in line with a recovery - however fragile - in the world's largest economy."

The JPMorgan Global Emerging Markets Income Trust is one of the products that investors may be interested in if they go with the outcome of this survey.
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