Jul 27 2021, 12:57 PM
July 27 2021, 6:22 AM
July 27 2021, 12:57 PM
(Bloomberg) Chinaâs stock selloff has caused emerging-market equities to erase all their gains for the year.
(Bloomberg) Chinaâs stock selloff has caused emerging-market equities to erase all their gains for the year.
The MSCI Emerging Markets Index which has more than a third of its weighting in China wiped out what was left of its 2021 advance after sliding 2.4% on Monday. Strategists are divided on the outlook. State Street Global Markets prefer developed markets as they are ahead in vaccination rates, while AllianceBernstein says EM assets will be supported by a recovery in risk appetite.
Traders Seek Growth in Emerging Markets as Recovery Angst Builds
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Traders seek growth in emerging markets
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Traders Seek Growth in Emerging Markets as Recovery Angst Builds
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Mumbai: As the pandemic spins out of control from India to Argentina, the divisions between emerging and developed markets are deepening.
Developing-nation stocks have lagged the rest of the world since the middle of March partly on concern that vaccine shortages and delays will slow economic growth. Investors pulled $1.3 billion out of emerging-market equity funds in the week ending April 21, the most in more than three months.
It s one more data point that shows how this pandemic has rewritten the investing playbook. Historically, emerging markets were viewed as a way to ride a global economic expansion, but this time around, it s the developed world that s bouncing back the fastest.