Morgan Stanley Investment management has announced that it predicts that the winners of the next decade will be emerging market stocks. It was stated that positive expectations for developing countries are expected to rise compared to the United States markets.
In the statement made by Morgan Stanley Investment Management Unit Emerging Markets Research Manager Jitania Kandhari, it was stated that developing country stocks have positive valuations and that the growth rates of developing countries such as India will be better than the USA.
Jitania Kandhari stated that new leaders will emerge in the markets every ten years, and the leader in the 2010s was big technology companies and the United States stock market. But it has been announced that the leaders of the next decade will be the stock markets of developing countries.
It was stated that the stated asset class made a strong start to this year and the MSCI Emerging Market Index rose by 8.6%, while the United States benchmark index rose by 4.7%. It was stated that China's abandonment of its Zero Kovid policy and the investor's positioning in anticipation of the high interest rate hikes by the Central Banks were also effective in this rise.
In the statement made by Jitania Kandhari, it was stated that the growth difference will affect the race in the asset class. According to the survey conducted by Bloomberg, it is 0.5% and 1.2% for the USA, where emerging economies are expected to grow by 4.1% and 4.4% in 2023 and 2024, respectively. growth is expected. According to the report prepared by Bank of America using EPFR Global data, with China's abandoning its Zero Kovid policy, there was an inflow of 12.7 billion dollars in the stock and bond markets of the developing countries in the week ending on January 18, and in this period, US stocks decreased by 5 percent. It was stated that there was an outflow of $ 0.8 billion.
For detailed news:
https://www.bloomberght.com/morgan-stanley-gelisen-piyasalarin-zamani-basladi-2323892
