Goldman Shrugs Off Rate Hikes to Bet on Emerging Stocks
- EM stock valuations are near lowest since 2007 vs U.S. shares
- Emerging economies poised for stronger growth in 2022: Goldman
This article is for subscribers only.
Some of the world’s biggest funds are switching toward emerging-market equities in a bet their central banks have less need to raise interest rates after tightening before their developed-nation peers last year.
Goldman Sachs Asset Management and BNP Paribas Asset Management are among those buying the shares on expectations the most attractive valuations in more than a decade will help halt four years of underperformance versus their U.S. counterparts.