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Katiana Guzman MacNabb From Precy Dumlao, Opalesque Asia:
Emerging and frontier markets are expected to sustain their economic growth at roughly 6% over the next three years and should be attracting more capital inflows than any regions, said Katiana Guzman MacNabb, co-CIO of Caravel Management, a long-only equity investor focused on emerging and frontier non-BRIC countries, managing $200m in assets. MacNabb made the statement during the latest New York Roundtable sponsored byCustom House Group and Taussig Capital.
Whats more important, most of these countries have low debt to GDP (gross domestic product).
"Ironically, they went through the crisis 20 years ago and many of those countries were lectured by most of the developed countries about maintaining low debt. They have learnt their lessons, and now we have the inverse situation, it is really ironic. We see huge opportunity in emerging markets on valuations, because more than any others they retained the ability to stimulate their economies," explained MacNabb.
With a slightly stable economic outlook than the rest of the Western world, emerging and frontier markets can maneuver more and can still cut interest and still fund infrastructure projects. Many of these emergin...................... To view our full article Click here
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