Increasingly diverse emerging markets are making an ever-greater contribution to global growth. And that trend is set to persist over the medium to long term.
We are also seeing material changes taking place at the underlying development stage in many emerging markets, with much of that being facilitated by technology. For example, hundreds of millions of people are now getting their first smartphone. This small piece of hardware – something we take for granted in the developed world – has the scope to unlock a host of new opportunities, from healthcare and education to applications that help small businesses increase their productivity and profitability on a day-to-day basis.
Past performance should not be seen as an indication of future performance. Stock market and currency movements mean the value of, and income from, investments in the strategy are not guaranteed. They can go down as well as up and you may not get back the amount you invest.