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Fortune

Will Daniel

Forget Big Tech—Emerging market stocks will be the leaders of the next decade as India takes China's thunder, Morgan Stanley IM says

China India Emerging Markets Mark Haefele United States John Lynch

Workers walk in the atrium of the National Stock Exchange of India Ltd. (NSE) building in Mumbai, India, on Tuesday, Dec. 20, 2022. (Credit: Atul Loke/Bloomberg via Getty Images)

Out with old, in with new. After a decade of U.S. tech stocks leading the dance for investors, it could be emerging markets’ time to shine.

Jitania Kandhari, deputy chief investment officer and head of macroeconomic research for emerging markets at Morgan Stanley Investment Management (IM), is pulling money out of U.S. stocks and refocusing on emerging markets like India and Vietnam.

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