A Hard Time For Emerging Markets Investing, Says Raphael
Emerging-market investors are moving away from ‘home bias’ and people are increasingly looking at global investment rather than favoring a market investors know, says Paul Raphael, global head of emerging markets for UBS Wealth Management. “Given the volatility of the last six months, most clients have been quite shocked, given the decline in the markets. At the moment there is a relative sideline mindset, clients are very concerned about risk and are relatively shy about taking on large positions,” Raphael told Bloomberg's Caroline Hyde at the UBS Wealth Management Summit in Davos.
Most Recent Videos
Full Show: Surveillance (08/17)
09:06 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Steven Major, global head of fixed income at HSBC, Stan Collender, executive vice president at Qorvis MSLGROUP, and Brian Levitt, senior investment strategist at OppenheimerFunds. (Source: Bloomberg)