Goldman Says World’s Best Bet Right Now Is Emerging Market Stocks
- GSAM cites opportunities in Indian stocks, Argentine bonds
- Mexican consumer shares are a prime opportunity, Patel says
Mobius on Brazil, Mexico and Trade Wars
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Emerging-market stocks are the world’s best investment after February’s rout cheapened valuations, according to Goldman Sachs Asset Management.
Unlike previous market corrections, when developing nations suffered big outflows, clients have been adding more money to the riskiest assets, said Sheila Patel, the chief executive officer of International GSAM. That’s been a sound strategy during the past month as emerging-market stocks returned 3.1 percent, beating the 2.5 percent gain for U.S. peers.