Fed QE unwind could foster more active EM investing

Emerging market assets still curry favour with institutions and wealthy investors, even as the US Federal Reserve prepares to reverse its extraordinary programme of quantitative easing. But for some the time could be right for a more discriminatory approach, investment managers say, given how much markets have already rallied. “From an institutional investor perspective, we are seeing more demand for active management strategies,” Ted Holland, Asia head of UBP Asset Management, …