For more information please contact us
ashmail [at] ashmoregroup [dot] com (Email Ashmore)
Stocks and bonds are upside-down – except in EM
The Emerging View
03 November 2016
Investors are buying developed market equities for yield and developed market bonds for capital gain.
This makes no sense from a risk-reward perspective. The widespread perception that there is no alternative
is also wrong. Emerging Markets (EM) bonds pay high yields and EM equities offer opportunities for capital
gains. The world of investing is only upside down in developed markets, not in Emerging Markets.