Don't Be Fooled by Emerging-Market Comeback, Japan Fund Says
- Asset Management One’s Matsumoto favors Indonesia, Brazil
- EM doesn’t look as bullish as 2017, but not bearish like 2018
Commuters cross a road in the central business district of Beijing, on Jan. 21.
Photographer: Greg Baker/AFP via Getty Images
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Don’t be fooled into believing that the emerging-market rally fueled by a “patient” Federal Reserve will last throughout 2019.
Satoru Matsumoto, a fund manager at Japan’s Asset Management One Co., which oversees the equivalent of about $490 billion, said the economic slowdown in China followed by the U.S. amid trade tensions will weigh on assets.