In what can only be classified as a resounding statement of approval, Federal reserve chairman Ben Bernanke voiced a highly positive opinion on the stewardship going on within the emerging market economies. In a interview with the University of Michigan, broadcast live over twitter late last week, Mr. Bernanke was quoted as saying “you have a variety of different stories, but I think the fundamentals there, in the emerging markets, are pretty good, and even if there’s some moderation of growth in some countries, we are seeing overall a rather remarkable transformation of places like China and India”.
In terms of the slowing GDP figures Chairman Bernanke still believes “growth will proceed in those areas as well, with each country, each region” and attributes the consolidation to a largely growing middle class.
We here at Excel Funds have largely focused on these regions all along, and the recent statements by federal reserve chairman Ben Bernanke only reiterate our positive stance on these areas. We believe Canadian investors can easily participate in these international markets through Excel Funds Management and, along with Ben Bernanke, find these area’s economies extremely positive.
Written by Jack S.