It follows upgrades on the outlook for emerging markets, loosely defined as more recently industrialized nations – including China, much of Southeast Asia and Latin America – from J.P Morgan Asset Management and Morgan Stanley last month.
SINGAPORE (Dec 2): The United States’ economic outperformance will wane, the dollar will probably weaken and growth next year can be expected from emerging markets, UBS Asset Management said on Monday, the latest money manager to turn bullish on the sector.
The US$858 billion ($1.2 trillion) dollar manager pointed to opportunities in equities, currencies and especially Asian credit markets at an outlook presentation to investors and the press in Singapore.
