Emerging markets continued to expand at a solid pace midway into the first quarter of 2024, supported by broad-based expansion across both manufacturing and service sectors. India remained the brightest spot in the emerging market space, though major emerging economies such as Brazil, mainland China and Russia all recorded growth as well.
Forward-looking indicators hinted at sustained growth across emerging markets with rising new orders and high level of optimism observed on aggregate. That said, signs of excess capacity can be seen with fresh reductions across backlogs and staffing levels in February. Overall, price pressures have also intensified in the latest survey period.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
