As Emerging Markets Rebound, Skeptics Are Getting Harder to Find
- Morgan Stanley removes bearish call on EM debt, currencies
- Global trade tension remains a risk for emerging markets: SEB
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After two weeks of a rally in emerging-market assets, some investors are becoming more positive on the asset class.
Morgan Stanley removed its “bearish call” on the fixed income and currencies of developing countries, Matthews Asia said it is the “best time” to buy emerging markets since the so-called taper tantrum, Tundra Fonder AB is also taking advantage of the selloff while for Eric Robertsen, Standard Chartered’s global head of foreign-exchange, rates and credit research, emerging-markets are the cheapest they’ve been in 10 to 15 years.