Analysts sound caution on Asia, EMs amid 'overbought' scenario

London

GLOBAL investors seeking value have been switching money into Asian and emerging markets. But following steep rallies from the depressed levels in December, several analysts are cautioning that markets are overbought.

"The rotation from developed markets equity funds to their emerging-market counterparts rolled on," said EPFR Global Monitor, adding that the trend has been continuing for 12 out of the last 15 weeks.