Susan Skerritt, Head of Business Strategy and Market Solutions for BNY Mellon's Treasury Services group, asserts that innovation is alive and well in the financial services industry.
South-South Trade Revolution
Africa Abounds with Opportunity for Investors
Cynthia Steer, Head of Manager Research and Investment Solutions for BNY Mellon Investment Management, believes we are on the verge of a revolutionary new chapter in emerging markets investing. This major secular shift is being driven by burgeoning trade relations among developing countries. Steer points to findings in the Search for Growth, an annual global survey conducted by the Economist Intelligence Unit and sponsored by BNY Mellon, which confirms that investors continue to look to emerging markets for opportunities.
According to Steer, some of the most compelling and overlooked opportunities for investors exist in Africa. The tremendous growth in infrastructure and improvement in governance in many countries have helped to position Africa as a land of opportunity. And while the continent still faces significant challenges, Steer believes that long-term investors must abandon developed-world-centric views and look at Africa from a fresh perspective.