Rotation from bonds to equities lifts EM stocks
Developing markets are now a draw as currencies recover from energy slump.
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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 Ltd has built up a 6 per cent holding across its US$114 billion multi-asset portfolio this year after being absent from the asset class for half a decade. BlackRock Inc and ABN Amro Bank are also buyers.
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