Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

The power of the emerging market consumer

When it comes to investing in the emerging markets, look to the consumer rather than the exports.

That’s the view of Didier Saint-Georges, a member of the investment committee at Carmignac Gestion. He believes that emerging market consumers are a rapidly growing source of demand; as their incomes grow, so their consumption patterns change with more emphasis on discretionary and luxury goods, telecoms and financial services.

Saint-Georges also believes other factors are favourable for investors looking at the emerging markets.

The US economy recovery is stimulating  exports from these economies while inflation is not a great threat. In China, the biggest emerging market of all, growth is solid (even if a bit slower than it was) while the new political elite is making good progress to create a more stable financial system

Finally, while many investors believe emerging market debt is overpriced, Saint-Georges sees selective opportunities in countries such as Poland, Mexico and Turkey where prices may benefit from falling interest rates.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

In our first Sector Spotlight of the year we explore UK equities on the back of the extreme market turbulence in 2016.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter