Emerging-market assets are in a “sweet spot” in the months ahead thanks to low global rates, a weaker dollar and a potentially less confrontational U.S. president, according to JPMorgan Chase & Co.
Diana Amoa, a money manager at the firm’s investment arm, said developing-nation debt will benefit should Joe Biden win the presidency and Republicans control the Senate. The prospect of less fiscal stimulus suggests lower rates for longer and an extended period of dollar weakness, luring more investors into the asset class, she said.
