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Barclays Tells Rich Clients to Buy U.S. Stocks, Shun EM

  • Emerging-market governments vulnerable, Salman Haider says
  • Inadequate fiscal support undermines EM equity outlook
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Emerging-market stocks may be recovering, but cash-rich investors would be better off avoiding the risks that still abound in developing nations. Barclays Plc is telling its high net-worth clients in emerging markets to invest in U.S. equities instead, despite the S&P 500’s breakneck rally.