Japan’s small investors turn cautious on the rand
Despite tendency to chase high yields, retail investors cut back on exposure to emerging markets
31 July 2019 - 10:30
Tokyo — Japan’s contrarian retail investors have cut long positions in emerging-market currencies — right at the time monetary easing in developed economies suggests they do the opposite.
In a move that is at odds with their tendency to chase high yields, these investors are turning cautious on the currencies like the rand and the Turkish lira. This is even as many of the signs emanating from the Federal Reserve and European Central Bank (ECB) point to a widening spread in yields with developed markets...
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