Economics
Top 2017 Emerging EMEA Picks Are All Things Russia; Avoid Turkey
- Investors seek bargains in politically stable countries
- Global Evolution favors Egypt’s local-currency bonds
UBS's Yu: Emerging Markets Underappreciated
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Almost everybody loves Russia and wants to get as far away as possible from Turkey.
That just about sums up investor sentiment toward the developing economies of Europe, the Middle East and Africa. Money managers’ top calls for next year are centered on markets where the political climate is improving and assets are less vulnerable to external shocks arising from higher U.S. borrowing costs and President-elect Donald Trump’s policy announcements.