For all their recommendations to buy emerging-market stocks, the world’s largest money-management firms haven’t convinced some investors that the worst start to a year since 2009 is over.
Bonds are proving a salve for emerging markets after the worst start to a year in the currencies and stocks of developing nations since 2010.
Geoff Lewis, Hong Kong-based head of investment services at JP Morgan Asset Management, comments on China’s effort to become a more consumption-driven economy and the potential of shale gas.
Most Indian stocks climbed for the fourth day as investors awaited monetary policy decisions by the U.S. Federal Reserve and European Central Bank.
Hong Kong stocks fluctuated after the U.S. reported manufacturing declined, heightening concern an economic recovery may falter. Agricultural Bank of China Ltd. advanced on its debut.
Emerging-market stocks dropped for the first time in five days as slower manufacturing growth in China and Europe spurred concern the global economic recovery may wane.
Indian stocks retreated, with the benchmark index completing its fourth straight week of losses, as overseas funds turned net sellers amid concerns Europe’s debt crisis is worsening.
Emerging-market stocks rose, with the benchmark index set for its largest monthly gain since October, after Greek Prime Minister Lucas Papademos said major progress has been made in debt-swap talks.
Emerging-market stocks rose to a 27-month high as new Chinese measures to tame real-estate prices and Ireland’s plan to recapitalize banks boosted demand for higher-yielding assets.
"There's too much pessimism over the emerging markets generally."
- Geoff Lewis on Feb 13, 2014