Thu, Jul 24, 2014
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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  5. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag