Money Managers Say It’s Time to Get Picky in Emerging Markets
- Investors weigh impact of Covid, inflation on asset class
- Mexican, South African, Taiwanese securities among top picks
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Emerging-market investors are turning more selective as last year’s everything rally splinters under the weight of higher inflation expectations.
Exposure to U.S. growth and the impact from higher commodity prices are some of the criteria used by money managers from JPMorgan Asset Management to State Street Corp. Mexico, South Africa and Taiwan rank among the top choices as firms pare back their bullish bets for developing-nation assets, according to recent surveys.