Russia continues to lead the way as emerging markets find favour again

Emerging markets

After being shunned in the late 1990s, emerging markets are back in favour among a broader range of investors, fundamentally stronger than before, more stable and offering opportunities in regions likely to grow.

Emerging markets offer good value and there is little risk of them becoming overcrowded, according to Philip Haas of Global Equities Management, although there is risk in manager selection. "Many of the newer funds have not been operating long enough to have learned the lessons of 19