Russ Koesterich, Chief Investment Strategist at Blackrock, writes in his midyear investment outlook that he still favours emerging market stocks over the long-term, although he advocates selectively trimming exposure to Russia given the lower liquidity and stronger US dollar. With real rates rising, Koesterich also recommends lowering exposure to gold, which has seen massive declines this year. For more detailed insights from Koesterich, go to: (VIEW LINK)
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