Marc Faber: Emerging markets may underperform
New Delhi: Top international investment advisor Marc Faber has warned that the tightening of liquidity conditions in the US could severely affect the emerging markets.

"It is possible that for the next six to twelve months emerging stock markets actually underperform the US stock market. That they would go down more than S&P 500," Faber has said in an interaction with a TV channel. "It is only in the next six months that I will be careful of investing in Asia including India," Faber said.

Faber, who is famous for his approach to investing, said while he expects oil prices to gain further he does not see demand for petroleum products slowing down in Asia. "It (demand for petroleum products) may not grow as much as in last two years but I don't see how it will decline...a lot of commodity prices will depend on US monetary policy," Faber said.
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