The money manager favours Indonesia’s rupiah and Malaysia’s ringgit, and is considering adding positions in China’s yuan, said Roland Mieth, emerging-markets portfolio manager at the company in Singapore.
SINGAPORE: Asian emerging-market currencies are cheap and an imminent U.S.-China trade deal means this is a good time to buy them, according to Pacific Investment Management Co.
The money manager favours Indonesia’s rupiah and Malaysia’s ringgit, and is considering adding positions in China’s yuan, said Roland Mieth, emerging-markets portfolio manager at the company in Singapore.
Pimco has also reduced short positions on the trade-reliant currencies of South Korea, Taiwan and Singapore, he said.
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!
