More Joy for Emerging Markets Now Hinges on Fed, Survey Shows
- Majority polled expect EM FX, bonds and stocks to rise in 2H
- Russia, Indonesia among favored; Turkey, Argentina at bottom
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The outlook for emerging markets is looking just a little brighter through the rest of the year, but it’s largely because central banks are sucking the allure out of the biggest economies.
That’s the main finding of Bloomberg’s quarterly survey of 42 global fund managers, strategists and traders on their outlook for developing markets. Currencies, bonds and stocks will advance amid a hunt for yield thanks to easier monetary policy, the poll showed. Indonesian and Russian currencies and bonds were among top picks alongside Chinese and Brazilian equities, while Turkish and Argentinian securities were least favored.