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Rotation from bonds to equities lifts EM stocks

Developing markets are now a draw as currencies recover from energy slump.

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Equity markets such as Russia have the added attraction of giving investors exposure to currencies that are rebounding from a slump in energy prices. Investors poured US$1.12 billion into passive funds that track EM stocks last week, while pulling US$91 million from bond exchange-traded funds.

London

THE world's riskiest stock markets are being swept up in the great rotation from bonds to equities.

The prospect of the fastest economic growth in the developing world since 2013 is luring global investors back into emerging-market equities. Schroder Investment Management

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