Betting on Europe's Emerging Markets
As many equity markets across the globe swooned in March, Eastern Europe weathered the turbulence fairly well, says Soeren Rytoft, the lead strategist for European and international equity portfolios for Los Angeles-based Metzler/Payden Funds. Rytoft, who was born in Copenhagen and came to the U.S. in 2002, says some of the emerging markets in Eastern Europe, particularly Russia, have been performing better than the U.S. and mainland Europe thanks to surging oil and commodities prices.
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