The Big Take
Almost Every Corner of Emerging Markets Is Surging as Dollar Sinks
After more than a decade as an afterthought in investing circles, developing assets are having a moment as Trump roils the dollar.
Between them, Tina Vandersteel and Pramol Dhawan have more than 50 years of experience in emerging markets. And they can only recall, at most, a handful of times that their phones have rung non-stop like they are now — one call after another from people interested in tapping into the powerful rally building across the asset class.
For Dhawan, the head of emerging markets portfolio management at Pacific Investment Management Co., it’s taken some getting used to. For years, it had always been the other way around: Dhawan making calls to client after client trying to drum up interest in the developing world.