Posted 12/18/2023, 12:23:50 PM
J.P. Morgan Forecasts 9% Returns for Emerging Markets in 2024 Despite Near-Term Volatility
- J.P. Morgan estimates 9% returns for emerging market (EM) equities in 2024, driven by earnings growth
- They expect 2024 to be volatile due to challenging macro environment and slowing global growth
- Tactical opportunities in China equities, miners, EM dividend payers, EM value creators
- Cautious view on EM versus developed markets in 2023, but more positive in 2024
- Expect Fed rate cuts in 2024 which could benefit EM equities