Christian Lundblad explains a New Order for Asset Pricing
Despite the recent turmoil, capital is absolutely pouring into the world’s emerging markets from pensions, endowments, actively managed mutual and hedge funds, and even passive index funds and ETFs. These growth markets represent about 15 to 20 percent of the world’s market capitalization and 25 percent of its output.
[This article has been reproduced with permission from research from the UNC Kenan-Flagler Business School: http://www.kenan-flagler.unc.edu/]