Investors Seek Shelter in Emerging Markets as Recession Risk Hits US
- Emerging equities rank as favored asset among those surveyed
- Respondents tout opportunities in Southeast Asia, results show
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Investors are planning to ramp up bets in emerging markets, according to the latest Markets Live Pulse survey — a sign the asset class is becoming a favorite for those wary of a US recession.
Some 61% of the 234 money managers, analysts and traders surveyed said they expect to increase exposure to developing assets in the next 12 months, even as concern mounts about a potential downturn and the Federal Reserve’s path ahead. The asset class, they say, stands to offer shelter if the central bank’s fight against inflation tips the US into a recession.