Key takeouts
- The investment universe in emerging markets has expanded rapidly
- Investment opportunities are created when economies modernise, grow and become financially sophisticated
- Investors in global indices are generally missing out on the long-term opportunities offered by emerging markets
- Emerging markets are growing faster than developed markets owing to a loosening of regulation and an opening up of domestic markets to capital investment
- China is the most dramatic example of what compounded high growth can do for countries
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