The two-year rally across emerging-market (EM) assets is just the beginning, according to some of the world’s largest investors. Money managers at shops from Franklin Templeton to BlackRock are betting that developing-nation stocks and bonds will continue to appreciate in the months and years ahead, as they catch up from more than half-a-decade of underperforming US assets. The bullish calls come amid lofty asset prices globally and growing concern that they aren’t sustainable, especially as US central bankers pare the stimulus that helped fuel gains. Even in ...
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First Published: Sat, September 23 2017. 03:02 IST