Halister News

(Bloomberg) -- Having some exposure in emerging-markets currencies will be a nice source of additional yields in portfolio, Daniel Ivascyn, chief investment officer, says in a conference in Bangkok.

• Emerging markets will have higher economic growth than developed market
  • Co. expects global economic growth to be at about 3% in 2018, similar to 2017; global inflation rate seen at 2%
• Co. likes bonds in the U.S., Australia and emerging markets more than Japan and Europe
• Key risks to market in 2018 will be uncertainty over the U.S. policy makers; Fed Chair Yellen will have her term expire in early 2018; there is a 30% chance that she will be asked to return; this will create uncertainty around U.S. monetary policy
• Another risk is China; Chinese economy will continue to grow, but there is a lot of debt being generated; China is also going through transition period by reducing reliance on exports and more on internal demand. there will be a risk that China’s volatility may impact rest of the world

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net To contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net; Sunil Jagtiani at sjagtiani@bloomberg.net Tomoko Yamazaki