Lima, Peru
THE year-and-a-half bull run in emerging markets will end at some point, and Pacific Investment Management Co has some advice on where investors should be positioned when that happens.
The world's second-biggest bond manager is advising clients to seek out the "Australian Dream" - shorthand for countries with strong institutions and where external imbalances are low and inflation expectations are under check. In places that meet the criteria - such as India, Indonesia and Poland - a weaker...
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