It is not too late to invest in companies benefiting from emerging markets growth, writes James Donald, managing director at Lazard Asset Management.
Investors in developed markets have enjoyed substantial returns over the past 12 months from companies bought on historically low valuations. It came as a relief to many that markets realised the bottom and rallied as strongly as they did. But as these markets pause for breath, facing a spiralling sovereign debt crisis in Greece, investors should consider the benefits of the developing world. After all, developing markets outperformed their Western counterparts in the recent bull market and, though the bears will remind of the 2008 collapse, those looking for long-term growth should not ...
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