//= THEME_IMAGES_URI ?> //= THEME_IMAGES_URI ?> //= THEME_IMAGES_URI ?>
After a multi-year period of missed expectations, the International Monetary Fund (IMF) now projects annual gross domestic product (GDP) in emerging market (EM) countries to accelerate every year until 2021 while developed markets are expected to decelerate from 2018. This positive change in growth trajectory for EM countries, in combination with the significant underweight from global investors and positive company and country specific momentum stories, should translate into a re-rating for the asset class as we step into this next investment cycle. Overall, we expect EM to continue outpacing developed market equities on account of stronger momentum, higher growth rates, attractive valuations, and positioning. We take a constructive view on the EM equity asset class and see a strong opportunity for the second half of 2017 and beyond.