The danger of investing in a moving target (and it’s not what you think)

Asia has changed greatly over the last few decades, and in ways that the West aren’t seeing. In markets where each person having two smartphones is the new norm, or where domestic brands are beating international giants, how do you invest where the only constant is change?

 
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The perils of market timing

Traditionally, investors have allocated to emerging markets tactically – that is, buying in when they’re cheap and selling out when they recover.