Has the shine come off emerging markets? Five key charts

Apparently so, according to a report released this week by Create Research and Principal Global Investors. Emerging markets have been plagued with underperformance for years and were hit especially hard when the US Federal Reserve announced its plans to begin tapering its quantitative easing programme. 

The report, which surveyed 704 pension plans, sovereign wealth funds, consultants and asset managers from across the world, showed a large negative shift in investor sentiment between the 2012 and 2014 surveys.

This year only 20 per cent of respondents said they remained "believers" in emerging markets, compared with 38 per cent in 2012.

And the proportion of respondents saying it is time to get out has doubled, with 12 per cent listing themselves as "deserters". 

The report also showed the way in which investors are allocating their assets has changed, with 51 per cent saying they use EM bonds for opportunistic investing and 48 per cent saying the same for EM equities. This is up from 15 per cent and 30 per cent respectively in 2012.

Click here for the full story