Emerging markets stocks have underperformed over the past five calendar years, relative to other stocks. Still, OppenheimerFunds’ Director of Emerging Markets Equities, Justin Leverenz, CFA, still believes the long-term story remains intact. The emerging markets will be the engine that fuels global growth.
For investors who are looking to make long-term decisions, and not move short-term allocations across asset classes, the poor performance of the equity markets has made valuations selectively attractive.
In Justin’s view, emerging markets are bottoming, thereby increasing the opportunities for investors. The select companies that can take advantage of sustainable opportunities for growth may now be available at attractive valuations.
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