08.08.2016 - Investing: The great escape
Switch into emerging markets is less about potential growth and more to do with stagnation at home. When the world’s biggest fund manager reverses its view on half of the global economy it is time to take notice. That is what BlackRock, manager of $4.6tn for investors and savers, has done this year. Once negative on emerging markets, it has turned into a cheerleader for them. Sergio Trigo Paz, BlackRock’s head of emerging market fixed income portfolio management, now talks of a “great migration” — a mass movement of big institutional investors away from the stagnant growth and negative interest rates of the developed world, to the resurgent economies and enticing yields of emerging markets...............................................Full Article: Source
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