EMERGING markets are rebounding from the setback of the Mexican peso crisis and now offer sound long-term investments, says a manager of American global investment organisation Scudder, Stevens & Clark.
Joyce Cornell, portfolio manager for Scudder's emerging markets growth fund, said investors must plan for the long haul and be prepared to ride out the risks.
'In the longer term, emerging markets will grow at double the rate of the developed world, but it will not be without bumps,' she said.
Emerging markets took a hammering in the first quarter following last December's devaluation of the peso.
The flight of foreign investment out of Mexico lead to the stock market falling 43 per cent. This affected other emerging markets.
Ms Cornell said positive signs were now appearing.
