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Emerging Markets and ACWI Economic Exposure
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Navneet Kumar
January 27, 2021
Just 15 years ago, corporate revenues from emerging markets (EM) represented around 10% of global revenues. As many of these markets developed gradually and transitioned from low-end manufacturing to higher added value economic activity and domestic consumption, global corporate revenues generated in EM increased four-fold to over 40%. From a performance perspective, Indexes with economic exposure to EM outperformed the local benchmark, most of the time, based on the MSCI World, MSCI Europe and MSCI USA Indexes.
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ACWI Economic Exposure Distribution Across Regions
Data from Jan. 31, 2003, to Nov. 30, 2020.
Chart 10 - subtitle 1
Economic Exposure to Emerging Markets as Return Driver
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Relative Performance to World
Relative Performance to Europe
Relative Performance to USA
Data from Nov. 30, 2006, to Nov. 30, 2020. Performance calculated using local currency levels.
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