Watch: 60 seconds with Allan Conway on emerging markets' future
All eyes have been on the short-term volatility emanating from China recently, but what about the longer-term story in emerging markets?
• Looking at longer-term fundamentals, there are a lot of reasons to be somewhat more optimistic.
• Emerging markets will account for 60-70% of global growth for the foreseeable future.
• Countries such as India and China are growing in excess of 6%. Their combined population of 2.5 billion people are getting richer and consuming more, having a dramatic impact on global trade patterns.
• As a result of the selloff in these markets and their underperformance, valuations are increasingly supportive.