Europe's largest money manager Amundi says bet on India, EM stock outside China for best returns
Amundi, Europe's largest asset manager, said on Monday that equities in India and emerging markets outside China will offer the most appealing returns in the coming 10 years, with U.S. stocks overall likely to lag.
In a note on 10-year expected returns, Amundi said it has downgraded its predictions on U.S. market returns given that investors have now fully priced in growth expectations, especially in mega cap stocks.
«In particular, India and EM ex-China may offer returns greater than 7%, ranking them higher in the spectrum of asset class returns,» the Amundi note said.
On China, the asset manager said it remained cautious about the world's second largest economy and anticipated a 6.8% annual return on Chinese equities.
Amundi is Europe's largest asset manager with just over 2 trillion euros ($2.13 trillion) in assets under management. ($1 = 0.9384 euros)
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