Financial hubs in emerging markets outperformed developed markets in terms of changes in ratings, according to a GFCI report.
New York was the top financial hub in the world, according to the 35th edition of the Global Financial Centres Index. This was followed by London, Singapore, Hong Kong and San Francisco.
The index is co-produced by Shenzhen-based China Development Institute and London-based Z/Yen Partners on a semi-annual basis. It rates and ranks 133 financial centers worldwide based on 145 factors, such as the quality of the telecommunications infrastructure or regulatory environment, alongside online assessments from 8,494 respondents.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
