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Sell-off in EM assets overdone: UBS CEO

US$6.3b pulled from developing-nation stocks in week: EPFR
Wednesday, February 5, 2014 - 06:00

[ZURICH] The sell-off in emerging-market assets that sent the benchmark equity index to the lowest valuation since the 2008 financial crisis may have gone too far, according to UBS AG chief executive officer Sergio Ermotti."What we are seeing right now is a lot of money exiting the emerging