Skulle nogle være i tvivl, så vil endnu en graf fra Goldman Sachs ruske op i tvivlen. Flertallet af verdens bedste firmaer og investeringsmål findes uden for de traditionelle industrilande, nemlig i Emerging Markets. Flertallet af de selskaber, der klarer sig bedst, har i syv af de seneste ti år befundet sig i Emerging Markets (optalt i det globale indeks MSCI). Investeringsforvaltere, der har evnet at finde disse selskaber, har klaret sig markant bedre end alle andre. Goldmans råd er, at det er klogt at investere stærkere i EM og på langt sigt.
EM is Home to Some of the Best Performing Companies
Beyond beta, the alpha opportunity is strong. The majority of the best performing companies in the world have come from EM in 7 out of the past 10 years.
Strong active managers who have been able to identify these stocks have outperformed by a wide margin, while bottom quartile managers underperformed marginally. In our view, the optimal exposure to EM is long-term and bottom-up.
Source: Bloomberg and Goldman Sachs Asset Management.
