Western economies' slow growth and deflation will crimp thedevelopment of emerging markets of Central and Eastern Europe,while Asian and Latin American markets will be the winners,believes Ad van Tiggelen, a chief strategist with ING InvestmentManagement, a unit of ING Dutch group. Recent years' financialturmoil has taken emerging markets off the investors' radar.Countries such as Russia, China or those in the CEE region willcontinue to be the main destination of investments. High labourproductivity, commodities production and closeness to the US willbe the factors that will make the difference in terms of emergingmarkets' performance over the next ten years. ING InvestmentManagement, with assets worth above 340bn euros under management,invests approximately 30m euros on the Romanian market through twoLuxembourg-registered funds managed domestically. As a chiefstrategist, Ad van Tiggelen is involved in the investments theinvestment funds managed by ING IM operates internationally. Thecompany last year participated in the selection of Property Fundmanager, but the process was won by another major name of globalasset management, Franklin Templeton.
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