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The Emerging Markets fixed income and equity universes - an update
The Emerging View
08 August 2014
EM fixed income will triple in size in Dollar terms to USD 45trn by 2020 with the share of local currency rising to 90% of total outstanding, while corporates will account for more than 60% of total outstanding. We expect EM equity market cap to rise to nearly USD 40trn, more than twice its present size.