Article / 10 July 2014 at 8:54 GMT

NBG keeps top spot among emerging markets on 10% decline

Head of Equity Strategy / Saxo Bank
Denmark
By Peter Garnry
 
It would have been another good week for our top equity picks portfolio in emerging markets if it has not been for National Bank of Greece (NBG) declining 9.7 percent. NBG's sharp decline follows other European peripheral banks that were also hard hit. Especially the Italian banks have had a couple of bad weeks. The portfolio was down 27 basis points for the past week compared the MSCI Emerging Market Index which rose 180 basis points.

Emerging market performance









 
There are no major changes to our top picks. The list is topped by financials such as NBG, Banco do Brasil and KB Financial (see table).

Emerging markets equities top pick





 
Read the full publication on emerging market equities in the attached PDF.

 

-- Edited by Clare MacCarthy

 

Peter Garnry is head of equity strategy at Saxo Bank





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Quant Corner - Emerging Market equities

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