Developed Equity Markets to Outperform Emerging Peers?

If the dollar continues to rise against other currencies, it will aide potential outperformance of developed equity markets against emerging peers, says Aviva Investors

Aviva Investors 13 November, 2014 | 4:22PM

Morningstar's "Perspectives" series features investment insights from third-party contributors. Here, Aviva Investors’ Stewart Robertson gives his views on the global economic outlook. 

The outlook for the global economy still looks encouraging with buoyant US output trumping recessionary pressures in the euro zone and a slowdown in China. Annual global growth should average between 3 and 4% over the next three years.

The improving domestic economic background should enhance the yield advantage of the US dollar against most of its peers. We believe the dollar is in the midst of a multi-year upswing, aiding potential outperformance of developed equity markets against emerging peers.

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Aviva Investors  is Aviva's global asset management business

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