THE boom in emerging markets (EMs) has led to caution among investors looking for safe haven assets, especially in view of potential volatility sparked by US rate hikes. And yet there are insufficient safe haven, risk-free assets in (EMs) that investors can hold as stores of value when times get rough.
“China and other developing nations are accumulating wealth, but failing to create sophisticated local markets that feature their own risk-free instruments.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!