The United States’ economic outperformance will wane, the dollar will probably weaken and growth next year can be expected from emerging markets, UBS Asset Management said on Monday, the latest money manager to turn bullish on the sector. It follows upgrades on the outlook for emerging markets, loosely defined as more recently industrialised nations – including China, much of Southeast Asia and Latin America – from J.P Morgan Asset Management and Morgan Stanley last month. “As we look towards 2020, we’re looking towards ex-U.S. equities,” said Evan Brown, head of multi-asset strategy at UBS Asset Management. …read more
Source:: Yahoo Finance
