Is The Emerging Markets Consumption Story Still Intact?

Back in July 2012, BNY Mellon Asset Management analysts Ralph Goldsticker and Robert A Jaeger said in their study “In Pursuit of the Emerging Markets Consumer” that the Consumption theme out of emerging markets was not cheap.

The above study said that sophisticated investors believed emerging markets would see higher growth, more financial strength and “greater exposure to the rising emerging markets consumer.”

The dominant Emerging Market themes

The analysts chose in the study to look at EMs across their main themes of Commodities, Manufacturing, Consumption and Investment.

Their analysis of ‘Thematic Exposures by...