SECTOR PROFILE
Emerging markets
Geopolitical tensions , slowing growth and a rising dollar all contributed to a fall of 7.8 % in the MSCI Emerging Markets index this year . However , analysts at Fidelity claim that while emerging markets have been hit hard by dollar strength , there is the “ potential for a big rally when the greenback finally turns ”. Others point out valuations in the sector , particularly in China , are pricing in an overly pessimistic scenario . Analysts at AXA are more cautious , warning domestic and external headwinds will cause GDP growth to decelerate sharply in the first quarter
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