July’s been good but emerging assets aren’t out of the woods


LONDON: Don’t be fooled by July’s gains: the causes of emerging-market turmoil haven’t gone away, according to investors including Fidelity International and Amundi Asset Management.

Developing-nation debt is heading for the first monthly gain since March and stocks are set for the first advance since January after a sharp sell-off in the second quarter made valuations appealing.

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