Emerging markets offer many attractive firms that offer growth regardless of conditions in their domestic economies, say New York asset managers Jennison Associates.

Value stocks “have had a decade from hell” says The Economist. Over that period their returns have lagged behind the average for the American stockmarket as a whole by more than 90 percentage points.

Prices of commodities are surging despite the fact that economies, many of them still in the grip of lockdowns, are still far from full recovery from the pandemic.

Indonesia has long been considered “Asia’s next big opportunity” says Kenneth Ng of Asian Discovery, the small-cap specialist. With over 267 million people, it has the world’s fourth largest population, with young demographics (more than two million enter the work-force every year) and abundant natural resources (coal, palm oil, natural gas).

War risk is “consistently underestimated by money people” says FT commentator John Dizard following the escalation of tensions between China and Taiwan. The latter runs itself as a highly successful independent nation, but China insists it is a breakaway province that it is determined to recover.