Emerging into 2010

After a memorable 2009, when emerging markets rose like a phoenix from the ashes of the economic downturn, Templeton's Mark Mobius forecasts the year ahead for the sector and the opportunities that can be found in the Chinese year of the tiger

Last year was a memorable year, not least because emerging markets rose like a phoenix from the ashes of a disastrous downturn that took place at the end of 2008. Probably the most unforgettable aspect of the year was the way the two most populous countries in the world, China and India, forged ahead with incredible GDP growth of 8% and 6% respectively in the face of dire predictions regarding the global economy. Also noteworthy is the huge influx of funds in the emerging markets asset class. In the first 10 months of 2009, emerging markets recorded nearly $67bn in net inflows – that is nea...