Emerging markets have lost sheen and no longer favourite among global investors. Though EMs have outperformed US markets since past 18 months experts feel that the situation will see a sea change from here on.
Investment Guru, Marc Faber is expecting mature economies to outperform EMs going forward. In an interview to CNBC-TV18 he said that that food inflation is more worrying in emerging markets and money printing will not lead to sustainable economic growth. On a concerned note, Faber added that Indian markets may see a correction of 20%. He also feels that there will be higher volatility in 2011 compared to last year. Below is the verbatim transcript of Marc FaberDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
