John Greenwood, Invesco chief economist
"We believe there has been a shift in the leadership of global economic growth to emerging markets especially to those in Asia. The economic recovery has been stronger there than in developed economies and we expect this trend to continue. Asia is shifting from export-led to domestic-led growth; and domestic demand growth is also a feature in Latin America, notably Brazil.
"Infrastructure spending in emerging economies has benefited, not least because of substantial government spending programmes. Consumer spending is being boosted by rising incomes and the rapid spread of consumer goods as incomes rise through critical thresholds.
"These developments are, by their very nature, long term. They stand in sharp contrast to the constrained level of domestic demand in developed economies, especially in those where consumers are still grappling with the consequences of having taken on high levels of debt."
Simona Paravani, Global Investment Strategist, lead manager of the HSBC World Selection Portfolio range, HSBC Global Asset Management
"Within Emerging Markets we favour Latin America, which trades at a discount to Emerging Asia; we believe has greater potential for positive macroeconomic surprises, yet offers the opportunity to gain exposure to growth in Asia through its commodity export trade to China and South East Asia."
Performance of IMA Global Emerging Markets vs FTSE All Share, 1-yr
Source: Financial Express Analytics
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