Bankers Pushing Wealthy To Invest In Emerging Markets

From this morning's Barron's: Bankers are pushing wealthy families to put more money in emerging markets "For many private bankers, the key to convincing conservative investors to build positions in emerging markets is to show that a long-term structural change is under way in the world economy. In the second decade of the 21st century, investing in emerging markets is more than just a bet on the regions' turbo-charged economic growth. Rather, it's a way of offsetting excessive exposure to U.S. markets that appear trapped in a trading range; a home economy that, at best, may grow a few percentage points a year; and a domestic currency that seems doomed to lag as governments stagger under heavy deficits" "It's easier to contemplate a significant allocation to emerging markets today than it was a decade or so ago, thanks to the proliferation of exchange-traded funds and other investment products." Link to article (subscription required)