Inflation worries over emerging markets are cyclical and short-term, Michael Gavin, managing director and head of emerging markets strategy at Barclays Capital, told CNBC on Monday.
"The inflation concerns are exactly because these are high-growth economies that are reaching the limits of their productive capacity and need to tighten monetary policy that concerns investors. That's a cyclical, short-term tactical influence," Gavin said.
"We expect emerging economic growth to generate earnings growth on the order of 6 percent a year. We expect roughly 2 percent currency appreciation over the same time period," he said, adding, "on top of that you'll get 2.5 percent dividend growth, so you're very close if not above double-digit levels, kind of easy from a longer term."