"May I quote a phrase your service use occasionally--Bulls don't die of old age, they are assassinated by central bankers. Some Asian developing countries, such as China and Latin American countries such as Brazil are raising interest rates, albeit in early stages. My question is that why does this service still advocate investing in Asian developing countries and Latin American resource countries? Why are you not afraid of negative impacts rising interests may have on these countries' stock markets?"

David Fuller's view You have almost answered your own question on the rate rise by pointing out that it is "in early stages." Rates are negative, meaning below the rate of inflation and that is a tailwind for equities.

Please note: I have address this subject in considerably more detail in the Friday big picture Audio. The advantage of the Audio is that I can always say more than I have time to write.