Growing middle classes in China, India and Brazil are creating new opportunities, but some short-term headwinds are pressuring consumer-focused stocks in these and other countries, according to David Ruff, co-manager of Forward International Dividend Fund, who has perspective on this emerging-market trend. Jonathan Burton reports.
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Perfume brand appeals to younger consumers with sleek incense burner for
Qing Ming
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[image: Two images: man holding conch shell to ear, and conch-shaped
incense burner]
Spotted by: Acacia Leroy