Saracen: Emerging Market Stocks Aren't Cheap Enough Yet

The managers of the Saracen Global Income and Growth fund have been looking for cheap emerging market stocks, but haven't been able to find any

David Brenchley 28 November, 2018 | 9:03AM
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Despite suffering heavy falls in 2018 to date, emerging market stocks are not yet cheap enough to buy, according to Saracen’s Graham Campbell and David Keir.

Geopolitical risks, trade tensions, rising US interest rates and a stronger US dollar have all combined to weigh on sentiment towards the emerging world.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alibaba Group Holding Ltd ADR176.17 USD0.00Rating
Ambev SA15.27 BRL0.00Rating
ANTA Sports Products Ltd129.30 HKD0.00Rating
Baidu Inc ADR175.47 USD0.00Rating
Cie Generale des Etablissements Michelin SA134.10 EUR0.00
DBS Group Holdings Ltd31.54 SGD0.00Rating
HeidelbergCement AG64.08 EUR0.00Rating
Mondelez International Inc Class A60.34 USD0.00Rating
Philip Morris International Inc96.54 USD0.00Rating
Pirelli & C SpA Ordinary Shares5.19 EUR0.00
Samsung Electronics Co Ltd71,100.00 KRW0.00Rating
Taiwan Semiconductor Manufacturing Co Ltd599.00 TWD0.00Rating
TB Saracen Global Income and Growth BAcc247.30 GBP0.00Rating
Tencent Holdings Ltd505.00 HKD0.00Rating
Thai Beverage PLC0.72 SGD0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk