Why Howard Marks Loves Emerging Markets
In the previous part of this series, we discussed Howard Marks’ latest views on FANG stocks and saw that he is concerned about high-growth technology stocks and the risk to the equity market (SPY). The billionaire investor shared a particular interest in emerging markets. Emerging economies have been showing substantial improvements in recent years. Better domestic demand, changes in demographics, and improvements in consumer spending have been boosting investors’ confidence.