Emerging markets are becoming more attractive as the prospect of an upcoming US rate cut — combined with softer local inflation and relatively low public debt — strengthens the investment case, according to Navin Hingorani, Singapore-based portfolio manager at Eastspring Investments.
“Emerging markets are trading at a 65% discount to the US, so we’re seeing opportunities across different markets, across different sectors,” Hingorani said in an interview, adding he’s looking for opportunities in the Philippines, Indonesia and South Korea, as well as Latin America.