Principal’s Shah Says Emerging Markets Sidle Until China Revives
- EM valuations look attractive if pandemic recovery takes hold
- Investors need to be ready to jump should China ‘play ball’
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Emerging-market valuations are looking more attractive, and a turnaround for the asset class will depend on China.
That’s according to Seema Shah, chief strategist at Principal Global Investors, who told Bloomberg Television Friday that the world’s second-largest economy needs to show a convincing revival from the pandemic to get developing nations in gear. And predicting when that will happen is, well, complicated.