HSBC Investments: Case for emerging markets is "compelling"

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HSBC Investments: Case for emerging markets is "compelling"

Tue 20th May 2008

HSBC Investments has suggested we are moving towards an emerging markets-led world.

It notes that emerging countries now represent 30 per cent of the world economy - ten per cent increase on a decade ago - and have now overtaken both the United States and Europe as the largest economic zone in the world.

In addition, in the last three years they have contributed over 50 per cent of global nominal growth in US dollar terms.

With the earnings growth in emerging markets forecast at 15 per cent for 2008, twice the rate for developed markets, the bank is suggesting that now could be the time to invest.

Christian Deseglise, global head of emerging markets business at HSBC Investments, commented: "The case for emerging markets is more compelling than ever, especially at a time when value has been restored in many of the countries that were becoming expensive in the fall of 2007."

In April HSBC launched emerging markets funds with capital protection and tax advantages.

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