I often query the EM issue. Higher growth, there currencies are likley to appreciate over the next decade over DM currencies, now all we need is an investment!
Our exposure is via
1 Accumulating REAL ASSETS (consumption will increase if ccy is stronger and will import more)
2 Indirectly via shorting the USD over the long term
3 High quality companies that have increasing sales in these regions
Buying the ccy of these countries and buying their stock is proving to be more difficult. Their ccys are often not freely floating and corruption is rife amongst corporate managers
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