Emerging Market ETFs Capture The Next 'Engine Of Growth'
By Tom Lydon:
While the U.S. and eurozone economies are markedly better situated than they were last year, growth in the developed economies will still move at their sluggish speeds. On the other hand, developing economies continue to expand at a rapid pace, and emerging market exchange traded funds may allow investors to capture the next growth story. Europe dodged a full blown financial crisis but the eurozone fiscal integration and peripheral reform remain unresolved, and the U.S. still has to grapple with high consumer debt and depressed real wage growth, writes Russ Koesterich, iShares Global Chief Investment Strategist, in a research note. "As we've stated in the past, we're skeptical that even with the recent improvements in the labor market the United States can be the engine of growth," Koesterich said. On the other hand, emerging markets will likely lead any further gains in global equities. According to a Reuters poll ofComplete Story »