The relative resilience of emerging markets compared to developed countries is beginning to attract the attention of money managers.
Citigroup ( C ) calls it “an unknown quantity.” Goldman Sachs ( GS ) describes it as “surprising resilience.” And for Columbia Threadneedle, it’s “a reward for being proactive.”
The relentless strength of the dollar, which has driven it to record highs, has led to a decline in world currencies.
However, a closer look reveals that the emerging market exchange rate. . .
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