This Fed Move Is Different as UBS Sees Pain in Emerging Markets

  • Assets haven't adjusted to weaker growth even after losses
  • Emerging markets not cheap with lower earnings and higher debt

Does Fed Rate Hike Help or Hurt Emerging Markets?

Historically, interest-rate increases from the Federal Reserve have been buy signals for emerging-market assets. This time looks different, even after a selloff that has pushed currencies to record lows and equities down to levels not seen since 2009.

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