UBS CEO Sergio Ermotti, says that the sell off in emerging market assets has gone too far

Livewire News


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
Livewire News

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment