In the midst of the global slowdown, where are investors stashing their cash? Given the widespread uncertainty, under the mattress would be a good option. However, it seems many investors have more inspired ideas. The downturn appears to have heightened the attractiveness of emerging market stocks. The performance of Asian companies is strong and confidence there remains high.
Speaking with a few IROs from emerging market countries in Europe revealed similar findings. Often their stocks fared well in the storm, which appeared to ravage more relentlessly in developed economies. In fact, some of our investor relations practitioners reported considerable growth in the wake of the slowdown.