A reality check for emerging markets
The old adage that when the US sneezes the rest of the world catches a cold might be politically incorrect to say these days. But if a peak in risk asset pricing was really reached the day after the US Federal Reserve announced a third round of quantitative easing on September 13, arguably, we’re all about to get very sick.
At least this is the thinking of Stephen Jens, co-portfolio manager at SLJ Partners in London, who defiantly claims that by buying into the façade of emerging markets
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