Buy into emerging markets

Stay cautious and seek growth in emerging markets, says professional investor Mike Turner. Here, he tips three funds to buy now.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week: Mike Turner, fund manager, Aberdeen Multi-Asset Fund.

Equities look reasonably attractive, particularly relative to government bonds. This, along with the recent Federal Reserve and European Central Bank easing of monetary policy, should support stocks in general. But we realise that the weak economic backdrop might mean that any upward momentum in equity markets may not be sustained into 2013.

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Michael Turner is manager at the Aberdeen Multi-Asset Fund.