“We are seeing returns on equity in EM once again at a premium relative to developed markets. And I think that is a very unique opportunity because EM is still at a hefty discount relative to developed markets” Lazard had $201.4 billion in assets under management as of June 30.
Wolahan of Acadian Asset Management
“Emerging-market economic fundamentals are still improving and EM have a leveraged exposure to global growth” Overweight Turkey and favors technology stocks over consumer Underweight Taiwan as market is expensive and reducing position in Brazil toward neutral due to stretched valuations Acadian has $86 billion in assets under management.
Mobius, executive chairman at Templeton Emerging Markets Group
Emerging markets will outperform developed market equities on faster economic growth, rising incomes and cheaper valuations “This outperformance can run about five years once you have momentum.”
This article was provided by Bloomberg News.