10/24/2008

Emerging economies have not lost their appeal

The Financial Times - Despite unprecedented and co-ordinated actions by governments and central banks around the world to boost liquidity and support the financial sector, investors remain sceptical. Emerging markets, however, offer a number of important reasons why investors should adopt a positive view for the long-term. While global growth has slowed, emerging markets are still expected to grow at a much faster rate than developed markets. Predicted growth for emerging markets is an average of 5% in 2009, compared with 1 % expected in developed markets. Markets such as Turkey and Russia are down to single-digit p/e's (price-to-earnings ratio), making them especially appealing.

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