Morningstar OBSR: Our emerging market winners

Investors tend to be attracted to emerging markets as they offer better economic growth rates relative to developed markets. Indeed, while 2012 GDP forecasts for the US and Europe are 2.3% and 0.1%, respectively, emerging market economies will account for somewhere close to 75% of world growth this year. For example, Asia is expected to grow at 6.8%, Latin America at 3.6% and EMEA at 3.5% and, more importantly, it is anticipated that these growth rates will be sustained over the longer term too. The absence of any severe austerity measures ensures that most emerging market governments...