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Thursday, 29 December 2016

The emerging markets story will remain relevant |

The emerging markets story will remain relevant |
"Casual observers might think that 2016 was a disappointing year for so-called emerging markets. In fact, some of these countries have delivered the year’s best investment returns, while certain developed-country markets have fared poorly.
If a UK resident who has personal obligations in Brazil had hedged all of his Brazilian real into sterling at the start of the year, he would have lost almost 50 per cent of his investment.
Indeed, Brazil is not the only emerging country whose markets performed better than expected in 2016. But this is easy to miss when, more than 15 years after I coined the BRIC acronym (Brazil, Russia, India, and China), people are still lumping a diverse range of countries into a single “emerging markets” category which confuses more than it illuminates."

'via Blog this'