With Indonesia heading to the polls this week and India set to follow in a few months’ time, the prospects are strong for both their economies to flourish if they can deliver more political and economic reforms.
In a report on its outlook on the Asia-Pacific region, US investment management firm Pimco said that it is “positive” on the performance of the Indonesian rupiah and Indian rupee in 2024.
“We expect reform-based governance to continue post-elections, and the two economies to remain secular drivers of emerging-market (EM) growth,” said Pimco, one of the world’s largest asset managers overseeing assets worth in excess of US$2 trillion.
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.
