ETFs To Play The Emerging Markets Consumer

In the wake of the recent recession, many Americans are now acutely aware of the perils of maintaining mountains of personal debt, and have taken steps to reduce credit card balances and pay down other obligations. While many have struggled to get debt burdens under control, much of the developed world has seen a material reduction in outstanding credit card balances; in 2009, aggregate credit card balances of U.S. consumers fell an impressive 8.7% according to a recent study from financial consultancy Lafferty Group. The increasingly large growth gap between the world’s emerging and developed markets has been highlighted by countless statistics in recent months, but the discrepancy in personal indebtedness serves as yet another reminder. According to the same study, credit card balances for credit card consumers in China rose more than 17% last year, while Brazilians increased balances by nearly 30%. Those figures are the result of the [...] Click here to read the original article on ETFdb.com. Related Stories: Emerging Markets ETFs: Where’s The Consumer Exposure? Emerging Global Launches Emerging Market Consumer ETF (ECON) Emerging Global Splits Shares On Four Emerging Markets ETFs