What is the problem with Emerging markets?
I have come across this kind of graph many times
what is the obvious conclusion here? If EM have 80% of global population, land mass, etc... GDP is below average they will have more growth than Developed markets going forward. I can accept this. However if EM people want to buy I-Phones, Coke, BMW's i don't think EM stock market's will do much better than DM?
Eventually some local consumption plays will do well.
As the people who follow my blog already know , BIG Get Bigger is the big trend in the world and the big companies are not in EM, yet. Stick with DM equities.
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