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Rubenstein: Invest Now in Emerging Markets

Monday, 01 Feb 2010 10:46 AM

Emerging markets are a great place to invest right now as the global economy is now recovering, says Carlyle Group LP co-founder David Rubenstein.

“The most attractive place to invest right now is probably in the emerging markets,” Rubenstein says.

“The emerging markets did not go down as much as they traditionally do in a global recession and they rebounded much more rapidly than the developed markets have,” Rubenstein says, according to Bloomberg.

China, India and Brazil are particularly attractive investment venues right now, Rubenstein says.

Even the United States is looking better, with healthcare and energy markets looking well.

“The U.S. economy has largely recovered in the view of professional investors from the worst,” Rubenstein says.

“We’ve gone through a bit of a heart attack and heart attacks are not fatal so much anymore, so we’ve learned a lot.”

The MSCI World Index has surged about 65 percent since March, when markets were low, yet economists such as Nouriel Roubini and Nobel laureate Joseph Stiglitz say the rally is coming to an end as the economic rebound will lose steam.

Nevertheless, the International Monetary Fund has hiked its global growth forecast, predicting the global economy will grow 3.9 percent in 2010, much higher from its October forecast of 3.1 percent.

The fund said growth in 2011 would hit 4.3 percent.

Recovery in advanced economies will remain weak due to high unemployment rates and rising public debt, while developing economies will grow faster due to rising domestic demand.

“The global recovery is off to a stronger start than anticipated earlier but is proceeding at different speeds in the various regions,” says the IMF, according to Reuters.

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Emerging markets are a great place to invest right now as the global economy is now recovering, says Carlyle Group LP co-founder David Rubenstein. The most attractive place to invest right now is probably in the emerging markets, Rubenstein says. The emerging markets...
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