Where in the world to invest your isa

With increasing globalisation you may think that all stockmarkets are the same - but it is clear that some economies are doing better than others and others likely to grow faster. Now you can put your money anywhere in the world - but from funds based in London where should you be considering investing to make the most profit?

We asked investment experts where they see growth this year.

Hargreaves Lansdown head of research Mark Dampier is putting his faith in the emerging markets. He says: "I see a huge swing in wealth moving from west to east. If there are no major shocks or recessions in the next few years, the Far East emerging markets are the ones to look out for. More specifically, Korea could be a good bet as it has pulled back from recession, but it's probably safer to spread the risk over a few countries".

Dampier sees promise closer to home as well. "Europe is becoming increasingly unfashionable, which is a good sign. Europe has been written off by private investors after suffering continual falls, but often you find this year's winners among previous year's losers". He adds: "If you ever hear a load of experts all agreeing with each other over something, you should run a mile because once a consensus has been reached the investing has been done".

Ryan Hughes at Chartwell sees the UK as being the best bet this year. He says: "Short-term, the UK doesn't have the structural upheaval that Europe is suffering. The economy is fairly stable, unlike in the US, and there is still ammunition left in the interest rate cycle if Britain does wobble".

On a global scale Hughes also opts for the Far East. He says: "The Far East is really now the manufacturing hub of the world and domestic economies in China and Asia are improving. However it's crucial to realise that this is a volatile area and investors must accept violent swings in the value of their investment".

In terms of emerging markets, Eastern European countries are a good long-term bet, says Hughes: "With EU integration there is huge economic restructuring. Many countries will probably increase their manufacturing capabilities". However Huges warns: "Before you invest in an emerging markets fund, you need to know exactly where the money is going - make sure it is not too concentrated in one area and be prepared for a possible bumpy ride.