Gap between emerging and developed economies growing, says Credit Institute panel

Bütikofer, UBP (l): flight to emerging markets rather than flight to quality

A panel of investors and analysts at the Credit Institute meeting in London on September 30 agreed that, as developed economies continue to flounder in the wake of the global financial crisis, emerging market debt looks increasingly attractive.

“What we can say is that the gap between the performance of the developed markets and the emerging world is getting wider and wider,” said Richard Walsh, head of emerging markets at Lombard Odier.

“In the 1980s, emerging markets contributed about 40% of

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