We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

New York — After emerging-market stocks led global equity markets lower in a brutal 2018, some US-based fund managers are betting that the asset class may have the largest rebound in the new year. It may not look likely at the moment, given that an economic downturn in China prompted iPhone-maker Apple to lower its quarterly revenue forecast on Wednesday for the first time in a decade. Its shares slumped nearly 10% after CEO Tim Cook blamed the US-China trade war and “economic deceleration”, prompting broad sell-offs around the world the following day. Yet fund managers from Westwood Holdings Group, GMO, T Rowe Price and Causeway Capital Management are among those who are betting that emerging-market stocks will post outsized gains in 2019. They cite a combination of compelling valuations and a likely decline in the value of the dollar that will help accelerate economic growth. As China continues to bear the brunt of US President Donald Trump’s focus on trade tariffs, fund managers ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.