No Case for Emerging Markets Yet
Wednesday, July 19th, 2017 Categories: Emerging Markets, Eurozone, FX rates
Europe’s winning streak is set to continue
Europe, apart from the UK, is producing better risk-adjusted returns than most emerging markets. These have been flattered by favourable FX movements, but there are good fundamental reasons for this as well. Unless the euro gets too strong, we don’t see why investors would want to change a winning formula, anytime soon.