Emerging and frontier markets are poised to benefit from US-China tensions as global investors seek companies and projects that can avoid the economic rivalry, Mercer’s chief investment strategist has said.
Non-aligned countries are benefiting as western companies move supply chains out of China, said Rich Nuzum, who is also executive director of investments for a group that advises clients with more than $16.4tn in assets and directly manages $354bn.
But global investors are also looking to put money into projects and countries that can attract investment from both sides of the rivalry and avoid being hit with tit-for-tat technology boycotts or other economic retaliation, Nuzum told the Financial Times.