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Gundlach says 'excellent time' for a partial shift into emerging markets

Reuters  |  NEW YORK 

(Reuters) - The recent turbulence in emerging markets marks an "excellent time" for a partial shift into the sector for investors who have avoided the group all year, Jeffrey Gundlach, of DoubleLine Capital, said on Tuesday in an investor webcast.

Gundlach, known as Wall Street's "Bond King," said the sell-off in emerging markets, stemming from and Turkey, has produced opportunities not seen in years. Emerging market dollar bonds are now yielding more than U.S. high-yield bonds, he said.

"I think it is excellent time - if you haven't been in emerging market bonds or high-yield bonds - to contemplate at least a partial shift based upon the level of the dollar and valuation," said.

(Reporting by Jennifer Ablan; editing by Jonathan Oatis)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 03:24 IST