Fund managers bullish on emerging markets in 2017

New York

A NUMBER of global fund managers say they are buying emerging market assets for 2017 after the beating the sector has taken since the US election in November, even though credit rating agencies have a less positive outlook.

Since the election of Donald Trump as US president, emerging market stocks are down nearly 7.0 per cent, based on the Morgan Stanley Capital Index, and the yield spread of emerging market bonds over benchmark US Treasuries is wider by 10 basis points, reversing some of the gains seen earlier in the year.