Historically, developed markets dominated global consumption. However, the EM consumer is now a powerful force, having already overtaken the U.S. consumer in terms of global consumption share. We expect this trend to build momentum, creating a new landscape for investors.
Source: JP Morgan, Guide to the Markets, September 30, 2013
The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions and may not necessarily come to pass. Information contained herein is for informational purposes only and should not be considered investment advice.