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They may seem far away and unfamiliar, but now might be the right time to consider including them in your portfolio. Nick Giorgi with our Chief Investment Office explains why.
If you’re not sure where emerging markets are, you’re not alone. There are 24 in all,1 and they’re scattered around the world. What unites them is that economies, on average, are all growing fast. As a group, their combined gross domestic product (GDP) is expected to grow by 4.9% in 2018 and by 5.0% in 2019. That’s faster than either the U.S. economy (projected to grow by 2.9% in 2018 and by 2.7% in 2019) and the global economy as a whole (which should expand by 3.9% annually over the next two years)2
2 “Global Economic Weekly,” BofA Merrill Lynch Global Research, August 24, 2018