How sound is the long-term case for emerging markets?

Edward Smith, Global strategist, Canaccord Genuity We are favouring developed market equities over emerging markets at the moment. Latest GDP forecasts from the IMF saw some of the Latin American and Asian countries revised down the most and we think that trend will continue. The commodity super-cycle is on hiatus and that will impact exporters in South America and even Australia. While China may be consuming more commodities than ever, the greater outlook is much diminished relative to the last ten years. A strong dollar, slowing Chinese infrastructure spending and, more importantly, ...