The EM companies thriving on new consumer trends

ON ASIA

Aside from the hubbub over emerging markets' slowdown in growth, there are still domestic companies thriving on changing consumer preferences, said Standard Life's Ross Teverson.

The potential impact of the Federal Reserve’s QE tapering and concerns over the sustainability of Chinese growth have weighed on emerging market equities this year.  Clearly, economies like India and Indonesia which are running large current account deficits do face significant challenges as fund flows reverse on less accommodative monetary policy. It is equally true that strong Chinese credit expansion in recent years has bought with it some risks to future growth. However, the degree of emerging market underperformance (the MSCI Emerging Markets Index has declined by -6% year-to-dat...