Unlikely Havens Seen in Moscow to Rio as Brexit Hits Markets
- Amundi Asset Management eyes more Russian, Brazilian debt
- Volatility in developed-world’s bond exceeds emerging markets’
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Britain’s vote to quit the European Union has flipped perceptions of global political risk on their head.
Brazil’s new government and Russia’s isolation represent buying opportunities for Europe’s biggest asset manager as political chaos across the continent erodes developed economies’ traditional haven status. Even before the Brexit vote, price swings for bonds in advanced nations had eclipsed those of less developed peers, exposing investors to greater risk.