UBS CEO Sergio Ermotti, says that the sell off in emerging market assets has gone too far
Livewire
UBS CEO Sergio Ermotti, says that the sell off in emerging market assets has gone too far. What we are seeing right now is a lot of money exiting the emerging markets, short term, it looks a little bit overdone. Global investors pulled $6.3 billion from developing-nation equities in the week through Jan. 29, the biggest outflow since August 2011 sending the benchmark equity index to the lowest valuation since the 2008 financial crisis. Some strategists see further losses for emerging-markets. Inflation-adjusted interest rates are still too low in developing nations for Citigroup Inc. and Goldman Sachs Group Inc. to foresee an end to the retreat in currencies. However, Ermotti stresses the need to differentiate between developing nations when making investment decisions. (VIEW LINK)
1 topic
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise