EMERGING markets (EM) will outperform developed markets this year, a reversal of its trajectory in the past couple of years, says Mark Mobius, executive chairman of Templeton Emerging Markets Group.
"The outlook is now quite good. We're beginning to see some traction. Structurally, emerging economies are growing at double the rate of developed economies so it's still the place to be. They now represent 30 per cent of the total market capitalisation of the world."
In the past two to three years, investors have shifted funds to developed markets, in particular the US, and EM has lagged significantly. But year-to-date data indicates some recovery. Based on MSCI indices, EM has returned 8 per cent...
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