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Mr. Cara is a senior vice president and emerging markets equity analyst in the London office. Prior to joining PIMCO in 2011, he was an investment manager at Pictet Asset Management, focusing on global emerging markets and global equity portfolios. Previously, Mr. Cara worked for Caterpillar Investment Management, AG Edwards, Citigroup and KPMG. He has 17 years of investment and financial services experience and holds an MBA from the University of Chicago Graduate School of Business and a bachelor's degree from Western Kentucky University College of Business.
China’s focus on low-cost manufacturing is going to be difficult to maintain due to changes in China’s demographics over the next several years and what many view as the inevitable appreciation of the renminbi.
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