Emerging-Markets’ Prospects Bright, Even If Risks Never Far Away
- A declining dollar should boost equities, Mirae Asset says
- Brazil, Chile, Peru and Ukraine set to keep rates on hold
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For all the risks of a year-end cooling-off period, emerging-market backers can’t complain about the lie of the land right now.
From the rollout of vaccination programs in some countries to rising commodity prices and the prospect of a breakthrough in U.S. stimulus talks, there are plenty of tailwinds to justify the buying spree that has sent gauges of developing-nation stocks, currencies and bonds to five straight weeks of gains. Inflows into emerging markets reached a monthly record in November according to the Institute of International Finance and exchange-traded funds last week received the most money since January.