Cash in on the rise of Asia’s consumers

Rising wages in Asia is good news for Western companies with exposure to emerging-market consumerism, says professional investor Rahul Sharma. Here, he tips three such stocks to buy now.

The pervasive gloom around the world is now casting its shadow over Indian and Chinese consumers. In a repeat of last summer's woes, markets are fretting that emerging-market consumption will follow the slowdown seen in manufacturing data from these countries.

Yet this ignores the fact that much of China and India's inflation issues can be attributed to rising wages and increasing affluence. The good news for Western brands is that rising aspirations in these countries are increasingly internationally focused, thanks to the global reach of the media. In these countries, Generation Y is growing up on the same diet of consumables as American teenagers.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up