Analysis: Emerging-Market Stocks Are Having a Moment as Growth Bets Return
Investors in emerging markets are shifting to stocks from bonds as they prepare for the world after monetary tightening. There are early signs of a rotation under way, with equity benchmarks beating local-currency bonds since the beginning of July. And traders are already starting to chase the rally, with Bank of America Corp. reporting that emerging-market equities have absorbed $4.1 billion in the week to Aug. 2, adding to inflows in the previous three weeks.
Photo courtesy of Lorenzo.
Source: Economic Times (link opens in a new window)
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