Emerging vs. Developed? What If It’s Not a Competition?

Selling emerging markets and buying into developed ones has been the consensus call since the U.S. Federal Reserve broached the idea it would taper its asset purchases, but what if the two spheres aren't really in opposition?  "The general thesis they have – which most people have – is that there's going to be a strong recovery in the developed markets and as a consequence, particularly because of the Fed tapering action, the emerging markets will tank," said Piyush Gupta, chief executive of DBS Group, at a presentation to private banking clients.
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