Economics
Emerging Market Jitters Have This $54 Billion Fund in Japan Selling
- Daiwa SB’s Yokouchi says he’s raising yen cash positions
- Fund manager says underweight Turkey, Indonesia the most
JPM's Michele Echoes Reinhart's Warning of Emerging-Market Risks
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Cash is king in times of stress.
That’s how Daiwa SB Investments Ltd.’s Takeshi Yokouchi is playing the recent rout that has seen emerging-market assets erase their 2018 gains -- selling positions and raising liquidity.