Tap the promising growth in emerging markets
Professional investor Andrew Ness picks three emerging-market stocks that should provide investors with sustainable growth.
Each week, a professional investor tells us where he'd put his money. This week: Andrew Ness, portfolio manager at Templeton Emerging Markets Investment Trust.
Global stockmarkets began 2019 on a high note, driven by optimism that the US-China trade negotiations would end well and hopes for a prolonged pause in US interest-rate hikes. Emerging-market equities benefited from domestic currency strength and robust portfolio inflows to finish January ahead of their developed-market counterparts. The fact that Chinese GDP growth has eased attracted media attention, but its economy has nevertheless continued to grow at a robust rate of more than 6% a year, making the country one of the fastest-growing major economies in the world. Meanwhile, a shift towards innovation, technology and consumption as the country's primary drivers of growth could make that growth more sustainable over the long term.
A market leader in semiconductors
Taiwan Semiconductor Manufacturing (Taiwan: 2330)
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
India's fast-growing private banks
ICICI Bank (Mumbai: ICICIBC)
We favour the bank as it continues to build its strong retail franchise and extensive network. A turnaround in its corporate business could further drive sentiment towards its stock. With national elections coming up, Indian markets are expected to remain volatile in the interim. But in the longer term, the case for investing in India remains strong as its economic fundamentals remain intact.
Attractive returns from Russian oil
Lukoil (Moscow: LKOH)
The company's progressive dividend policy and share-buyback programme also bode well for the stock.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
8 of the best houses for sale with tennis courts
The best houses for sale with tennis courts – from a period property in Dumfries and Galloway with two islands on the River Dee, to a house in Cumbria with a 1977 En Tout Cas tennis court
-
Review: Eden Roc Cap Cana – fun, sun and golf in the Caribbean
Travel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course