Fidelity's global CIO, equities, Dominic Rossi has forecast another difficult year for equity investors as we enter 2012 but believes emerging markets are set to come back into the spotlight.
Rossi said the eurozone debt crisis is entering its final phase, triggering a tough period for developed economies which will see very little capital growth from their equity markets. In contrast, emerging market equities are set to become less correlated to their developed world counterparts, and will present opportunities for investors. "The contrast between emerging and developed markets will become even more conspicuous in 2012 and investors should be buying emerging market equities now to take advantage of this trend and the area's cheap valuations," said Rossi. "Over the cour...
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