Thursday, 8 December 2016

EMs to outperform once western mkt rally is over

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Once the western market rally is over, emerging markets are likely to outperform, believes Richard Harris, Chief Executive of Port Shelter Investment Management. Western market rallies, he said, are usually short-lived. The market has already discounted a probable rate hike by the US Federal Reserve. 

Policies of President elect Donald Trump will be positive for the US economy, which is why US is seen moving ahead now. Global tensions like Brexit and geopolitical issues are seeing some relief now. Among emerging markets, India is becoming less volatile, Harris added.

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