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

Malaysia skyline, emerging markets, emerging market equity, cheap stocks, expensive stocks

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
Alibaba Group Holding Ltd ADR223.31 USD0.00
Ambev SA15.36 BRL0.00
ANTA Sports Products Ltd131.00 HKD0.00
Baidu Inc ADR219.67 USD0.00
Cie Generale des Etablissements Michelin SA124.55 EUR0.00
DBS Group Holdings Ltd28.69 SGD0.00
HeidelbergCement AG77.46 EUR0.00
Mondelez International Inc Class A58.85 USD0.00
Philip Morris International Inc91.07 USD0.00
Pirelli & C SpA Ordinary Shares4.91 EUR0.00
Samsung Electronics Co Ltd83,200.00 KRW0.00
Taiwan Semiconductor Manufacturing Co Ltd605.00 TWD0.00
TB Saracen Global Income and Growth BAcc233.44 GBP0.44
Tencent Holdings Ltd620.50 HKD0.00
Thai Beverage PLC0.77 SGD0.00

About Author

David Brenchley

David Brenchley  is a Reporter for

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