Falcon bank tiptoes 'selectively' into emerging markets
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Genevieve Cua
Singapore
FALCON Private Bank has begun to allocate funds into emerging market (EM) equities "selectively", even as it keeps a close eye on potential headwinds should the US dollar strengthen.
David Pinkerton, Falcon's chief investment officer, said that US dollar strength has been the biggest culprit of the significant outflows and underperformance of EM equities against developed market (DM) stocks over the past four to five years.
