Amundi sees sustainable rally in emerging markets - in late 2019

  • Markets
  • Thursday, 11 Oct 2018

SINGAPORE: A sustained rebound in emerging markets may be almost a year away, and investors should be wary of any bounce after U.S. mid-term elections, according to Europe’s largest asset manager.

Ultimately, it will take an American economic slowdown and the end of Federal Reserve monetary tightening for the asset class to shine again, said Yerlan Syzdykov, global head of emerging markets. In the meantime, Syzdykov sees opportunities in dollar-denominated bonds from developing nations, a strategy that offers some yield premiums without exposure to exchange-rate and inflation pressures.

Markets , Amundi , emerging markets