We're disinvesting from “Emerging Markets”

At Parkview, we are finding it increasingly difficult to justify an allocation to “Emerging Markets” as an asset class (EM). This isn’t a tactical change in position, but a structural change of view. There are both positive and negative developments that lead us to this change in positioning.  Over the next few quarters we plan to shift out of emerging market funds and to focus on only a few countries and regions where the investment case remains strong.