Fri, Jul 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Emerging markets currencies to rally as uncertainties in developed countries worry investors

Tuesday, August 10, 2010

amb
From Precy Dumlao, Opalesque Asia:

Emerging markets currencies are likely to rally as uncertainties developed countries continue to worry investors, said Giancarlo Perasso, chief economist for the Matrix Redux Emerging Markets Fund, which is managed by the Matrix Group, a UK-based asset manager with $5.56bn in AuM.

Matrix also released some of the highlights of its study:

  • No double dip for the US economy, thanks to strong policy reaction to the cooling down of growth. Fiscal policy will not be the main instrument of this new stimulus...rather the Fed is ready to ease again

  • The Eurozone will face a difficult Fall, as tensions in some countries (Greece, Italy) are likely to spook investors

  • Emerging markets will continue growing, albeit at a slower pace

  • Commodities prices will not decline but will not rally either (aside from short-lived speculative bursts), as growth remains subdued

  • EM currencies are bound to rally and top picks are the Turkish Lira, the South African Rand, the Brazilian Real and, for the more adventurous, the Colombian Peso, the Peruvian Sol

U.S. economy to slow down but not enter double dip According to Perasso, the U.S. economy may slowdown but if necessary, the Fed will take swift action to ensure the country will not enter into a double dip recession. He added the U.S. government's current priority is to prevent such a double di......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  3. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  4. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  5. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

 

banner