HALISTER1: PineBridge Says Bullish on Emerging Markets Despite Selloff

PineBridge Says Bullish on Emerging Markets Despite Selloff

(Bloomberg) -- Emerging markets will benefit from pickup in business investments globally, Markus Schomer, chief economist at PineBridge Investments, says in briefing in Singapore.
  • Sees India doing well due to faster growth and as economy is domestically driven, Michael Kelly, global head of multi- asset strategy, says at same briefing
  • Brazil’s bond market will do well as inflation is peaking and monetary policy has been “super tight:” Kelly
  • READ: Treasury Slump Means More Emerging-Market Pain: Amundi
  • READ: Black Money Purge Spurs World’s Only Bond Gain in Trump Rout
  • Among Asian local-currency bond markets, PineBridge likes Indonesia bonds the most because of nation’s positive fundamentals and attractive valuation
  • Indonesia has healthy growth, reforms: Omar Slim, portfolio manager for Asian fixed income at firm
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Source: BFW (Bloomberg First Word)

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Markus Schomer (PineBridge Investments Holdings US LLC)
Michael Kelly (PineBridge Investments Holdings US LLC)
Omar Slim (PineBridge Investments Holdings US LLC)

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