Emerging Markets and the New Frontier

"What's the situation in emerging markets? It can be summarized in one word: growth. That's really why we invest in emerging markets. If you look at the economic growth of emerging markets versus developed markets, you'll see that -- with the exception of 1997 and 1998 during the Asian financial crisis -- emerging markets have continued to outpace the developed markets. This year we expect the emerging markets to grow 4 times faster than the developed countries: 5.4% versus 1.7% for developed markets..."