BofA’s Hauner Expects More Emerging-Market Gains as Dollar Drops

Emerging-market assets look poised to deliver “several percent” returns this year on expectations of a continued decline in the US dollar, according to Bofa Securities.

“For the year, we can easily maintain the double-digit return and that’s because we see the dollar as the most important driver and see a stabilization of the US long-end,” said David Hauner, head of global emerging markets fixed-income strategy at the US brokerage.