They are said to provide good growth and cheaper valuationsKUALA LUMPUR: The emerging markets are viewed as attractive compared to developed countries due to its superior growth profile and cheaper valuations, according to UOB Asset Management (M) Bhd (UOBAM). Chief investment officer Francis Eng said although the US Federal Reserve was likely to hike interest rates by year-end, the asset management firm still liked emerging markets. “In a period of low interest rates, people are constantly searching for returns and emerging markets are known to be bright spots with relatively good growth and cheaper valuations. “Given the recent events such as Brexit, we have seen fund managers shifting money out of Europe into emerging markets. Meanwhile, the United Global Quality Equity Fund is the second global fund launched by UOBAM on Sept 26.

Source: The Star October 06, 2016 23:27 UTC