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Despite a correction, emerging markets are the correct place to be

There is more reason to be optimistic about emerging economies than developed economies.

Though China's economic growth is slowing to around 6 per cent a year or below, it is still doing much better than everyone else. The growth of the Chinese consumer will continue.

MIDWAY through last year, we predicted global markets would experience both volatility and a correction. We saw a subsequent correction in emerging markets - in Asia, specifically - and volatility across all markets.

It was surprising how many people underestimated the degree of the...

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