Fund in focus: emerging markets coming out of earnings recession

Emerging markets may finally be coming out of a multi-year period of earnings recession, says Edward Lam, Manager of Somerset Emerging Markets Dividend Growth Fund.

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For example, while Lam previously considered the emerging-markets consumer goods story overrated and popular stocks in this sector to be overvalued, he now thinks there are some areas, such as in China, where they look more promising.

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Holding% of assets
Otp Bank5.1%
SK Hynix4.9%
Samsung Fire & Marine4.2%
Samsung Electronics4.1%
Metro Bank4.0%
HCL Technologies3.5%
Sanlam3.4%
Porto Seguro3.4%
Turk Telecom3.3%
Pou Chen3.3%

Sarah is MoneyWeek's investment editor. She graduated from the University of Southampton with a BA in English and History, before going on to complete a graduate diploma in law at the College of Law in Guildford. She joined MoneyWeek in 2014 and writes on funds, personal finance, pensions and property.