Goldman Sachs Asset Management has reiterated its recommendation that investors put a significant amount of their money into emerging markets, saying a quarter of an investors' portfolio should be invested in the sector.

Katie Koch, a managing director in the office of GSAM's chairman, Jim O'Neill - the economist who coined the term "Brics" to denote Brazil, Russia, India and China - told a conference hosted by Morningstar this morning: "We believe 25% of your equity and bond exposures should be in growth and emerging markets [rather than developed markets]."