The document discusses the 2014 outlook for Global Emerging Markets (GEM) equity strategy, highlighting trends in various sectors such as IT, industrials, energy, and materials. It compares net margins between Emerging Markets (EM) and Developed Markets (DM), noting the secular decline of EM profitability relative to DM. The report also addresses the impact of state capitalism and resource nationalism on EM returns, and the challenges faced by financial sectors in both EM and DM.
doj/DataSet10/EFTA01451032.pdf
{"title":"GEM Equity Strategy Outlook 2014","document_date":"2013-12-11","document_type":"tabular","document_subtype":"financial report","key_organizations":["Deutsche Bank"]}