Having been praised for its management of Covid, there was a strong consensus among industry experts that China was entering 2021 in a far stronger position than many of its peers, given the economy had re-opened and rebounded strongly.
Money Marketing
Are the stars aligning for emerging markets?
Last year could have been a turning point
By Darius McDermott 6
th April 2021 10:00 am
Asia and wider emerging markets have often been considered the world’s growth engine, with trends such as favourable demographics, and improving lifestyles and spending patterns, all destined to bear fruit in the long term.
The challenge for investors is how long they must wait for these trends to pan out. For example, those backing emerging markets to outperform between 2010 and 2019 have been disappointed, with equity returns averaging 3.6 per cent per year across the decade.
But was last year the turning point many have been hoping for? The MSCI Emerging Markets Index outperformed the S&P 500 for the first time since 2017 and Asian emerging markets were the best of the bunch, led by China, South Korea and Taiwan.
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