MIKE DOLAN: US and Western funds in two minds on emerging-market debt
Undervalued assets seem tempting but the investors have a comfortable ‘home bias’
15 January 2024 - 05:00
London — The China conundrum aside, a search for undervalued assets already seems to be tempting some investors back to emerging markets, but Western savers happily hunkered down at home may struggle to accept the case.
In the slipstream of the global rate cut euphoria late in 2023, foreigners ploughed a net $29bn into emerging-market debt and equity portfolios in December — taking the 2023 inflow near $179bn, according to numbers published by the Institute of International Finance (IIF)...
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