Bets on US Weakness Are Fueling a Rally in Emerging Markets
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Some investors are betting the good times are only just beginning for emerging markets as worries over the US economy boost the allure of the long-suffering asset class.
Fueling the shift are expectations that President Donald Trump’s tariff policies will weigh on US growth and force traders to look abroad, a wager that has portfolio managers scooping up everything from Latin American currencies to Eastern European bonds.