The 2013–2015 cyclical downturn notwithstanding, the death of emerging markets has been greatly exaggerated. Today growth rates in many of the largest emerging economies is strong, commodity prices are relatively stable, currencies are supported, and inflation is under control. Meanwhile, favorable demographics and the prospect of further productivity gains in emerging economies should support growth. The cyclical emerging market economic backdrop, combined with still-relatively cheap valuations, suggests that emerging market equities are poised to continue to outperform the developed world during this market cycle.
Read on to find our views on the current economic expansion in emerging markets along with a detailed look at both equity and fixed income opportunities there.
- Developing Markets Fund
- Emerging Market Innovators Fund
- International Bond Fund
- Emerging Market Local Debt Fund
- International Growth Fund
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Mutual funds and exchange traded funds are subject to market risk and volatility. Shares may gain or lose value. Fixed income investing entails credit and interest rate risks. Bonds are exposed to credit and interest rate risk. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Eurozone investments may be subject to volatility and liquidity issues. The mention of special countries, regions or sectors does not constitute a recommendation by any particular fund or by OppenheimerFunds, Inc.
These views represent the opinions of OppenheimerFunds, Inc. and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the publication date, and are subject to change based on subsequent developments.