The EMEA region covers 80 countries. It is home to over 1.5 billion people and has one of the fastest growing and youthful populations in the world.
1 The EMEA economies are some of the world’s most dynamic, having enjoyed a sustained period of economic growth. Since 2000 economic growth of this region has been at least twice that of western Europe and the US
2 – and they are generally under-represented in many investors’ portfolios. This could be because the individual stock markets are relatively small. However, the combined strength of so many varied economies makes this a region with significant investment potential.
The region also:
-
contains over 82% of the world’s proven oil reserves3
-
is rich in other natural resources such as platinum, chromium and iron ore
-
has over half of the world’s 20 fastest growing cities4
-
is experiencing strong economic growth and rising consumer spending
-
has delivered exceptional returns over the last five years5
Fund management
The fund manager has currently focused on South Africa and Russia, with Turkey as his third largest holding. However he does invest in many other markets across the region, including the United Arab Emirates, Egypt and Qatar.
1 Datamonitor/Fidelity 31.12.06.
2 Datamonitor. GDP, constant 2000 prices, US dollars.
3 BP Statistical Review of World Energy. Data as at 31.12.06.
4 www.citymayors.com
5 Datamonitor to 31.7.07
