Jul
29

July’s Been Good But Emerging Markets Aren’t Out of the Woods

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  • Amundi to Fidelity see short-term correction faltering
  •  Strong dollar, trade tensions, political risks still weigh

Don’t be fooled by July’s gains: the causes of emerging-market turmoil haven’t gone away, according to investors including Fidelity International and Amundi Asset Management.

Developing-nation debt is heading for the first monthly gain since March and stocks are set for the first advance since January after a sharp sell-off in the second quarter made valuations appealing. Carry-trade investors will have their first positive return in four months as emerging currencies close the month with a small loss…

July’s Been Good But Emerging Markets Aren’t Out of the Woods

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