Justin Leverenz, manager of the Oppenheimer Developing Markets fund, says emerging market economies are more agile than developed nations, and will likely soar out of the recession.
For the first time in a couple of years, Im very pre-disposed to invest in emerging markets, Leverenz told Dow Jones. Unlike other emerging markets funds, the Oppenheimer Developing Markets fund takes a three-to-five year investment time horizon.
He is particularly bullish on China, where he lived for 10 years. For the next decade, China will be the most durable of all emerging markets, he said.