July's Been Good But Emerging Assets Aren't Out of the Woods
- Amundi to Fidelity see short-term correction faltering
- Strong dollar, trade tensions, political risks still weigh
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Don’t be fooled by July’s gains: the causes of emerging-market turmoil haven’t gone away, according to investors including Fidelity International and Amundi Asset Management.
Developing-nation debt is heading for the first monthly gain since March and stocks are set for the first advance since January after a sharp sell-off in the second quarter made valuations appealing. Carry-trade investors will have their first positive return in four months as emerging currencies close the month with a small loss.