Goldman Asset Says Buy Emerging Markets as Volatility Normal
- Money manager is modestly overweight China, likes Indonesia
- Now is not the time to go into cash, Ashley says in briefing
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Goldman Sachs Asset Management says the volatility saturating global stock markets this year isn’t unusual and provides a window to buy selective emerging-market assets.
“This is the return to normality,” James Ashley, head of international market strategy, said at a briefing in Singapore. “We think emerging markets are being oversold. We would see this as an attractive entry opportunity.”