(Reuters) – Broad weakness in emerging stocks and volatility stemming from U.S. election uncertainty have created value opportunities in developing markets, a client portfolio manager at fund house Eastspring Investments said.
Samuel Bentley told the Reuters Global Markets Forum on Tuesday his fund was considering increasing exposure to South Korea, Mexico and South Africa.
“U.S. elections are typically a volatile time for emerging markets, and so we expect some good opportunities to top up this year,” said Bentley, whose firm prefers to assess political impact on company earnings over hedging event-risk.
(Graphic: Emerging markets in 2020, Country indices – )
Bentley expects U.S.-China relations to improve after the Nov. 3 election, which