Speaking at Portfolio Adviser’s Summer Congress 2015, Gush – who became co-manager of the firm’s Emerging Markets Growth Fund in January – singled out opportunities in advertising and retail, Chinese internet companies and Indian IT service companies.
Gush added that big parts of the emerging market index are now “structurally challenged” with further weakness likely in major countries and commodity prices.
The Chinese growth model in particularly is changing fast, he said, after an “unusual environment” over the past decade where the focus was too heavily skewed towards infrastructure and therefore on commodity demand.
