Emerging market story yet to play out

Emerging market story yet to play out. Wayne Lin, Portfolio Manager at Legg Mason (who manage $680BN) says that the emerging market story is yet to play out and we should be wary of another major macro-event. I don't think the emerging market story has played out yet. The big question is, is it the beginning of another macro event, or is it just people worried about losing their profits and selling off? People are evaluating whether or not markets are as safe and steady as they have been. Emerging-market stocks are off to the worst start to a year since 2009 and currencies from Turkey to South Korea tumbled amid signs growth is slowing in China as the Federal Reserve prepares to review further stimulus cuts this week. Read more: (VIEW LINK)


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