1174 days ago • Posted by Charles-Henry Monchau
Emerging market Asia (ex Japan) is very under-owned by global investors
Goldman Sachs: "the broader macro backdrop remains extremely supportive of EM Asia asset exposures, which most tangibly embed a mix of cyclicality, value, commodities and China, all impulses that should remain in favour through the coming months. We think it makes sense to maintain a set of core pro-cyclical EM exposures, including to stronger EM equities and currencies, and tighter high-yield credit spreads, especially in commodity-exposed parts of the market".