Emerging markets relatively well positioned for 2019, says Fiera Capital's Julian Mayo

Julian Mayo, director, Fiera Capital, on Thursday said the emerging markets are relatively well positioned for 2019 based on recovering valuations and a gradual recovery in their economies.

In an interview to CNBC-TV18's Latha Venkatesh, Mayo said China and India are at the top of emerging markets pecking order, "Emerging markets had a bad year last year, they had five bad years until 2016."

According to Mayo, developed market bull market is running out of steam, “The Chinese economy is slowing down, but nonetheless, it’s continuing to grow at a healthy six percent plus growth rate. India is growing at an even faster growth rate of between seven and eight percent on a longer term basis."