Emerging markets have underperformed global and developed market indices over the past ten years, in spite of having greater opportunities for earnings growth.
Their populations are younger, wealth levels are rising, consumption levels are lower than those of developed markets, and there is a high level of aspiration to live a better life than the previous generations. The Covid-19 crisis will affect countries differently, and some emerging markets have been ahead of the curve in dealing with the crisis. The younger age profile and lower prevalence of 'lifestyle diseases' in some of these markets may also result in significantly lower mortality rates. Fiera Capital looks to China as 'natural investment' post-pandemic East Asian emergi...
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