Goldman Sachs analyst Timothy Moe has released a research paper in which he argues that emerging nations will represent 55 percent of total equity capitalization by 2030, and China will become the world’s largest stock market.
“The primary drivers are rapid economic growth and the maturing of equity markets that are at earlier stages of development,” Moe wrote in the report today. “Developed-market institutional asset management pools will need to increase their holdings of emerging-market equities.”
Source: Bloomberg