Published On: Fri, Feb 24th, 2017

Undervalued emerging markets remain attractive


Global pick-up: amid uncertainty, some see little to derail emerging markets’ direction of travel

Emerging market (EM) currencies are undervalued and expectations of downward pressure are exaggerated, delegates at the FX Invest Europe conference in Zurich said on February 22. This sense of optimism prevails, they said, despite an environment reminiscent of the taper tantrum of 2013, when EM currencies plunged lower, some by as much as 60%. “Since then we’ve had a recovery and a rebound, which…

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