by winston » Fri Mar 10, 2023 7:32 am
Goldman favours emerging-market equities over bonds as rates buffer fadesby Yumi Teso
We expect equities to remain the favored asset class in nominal terms given the resilience of EM currencies and duration”.
The Bloomberg EM bond index declined 8.4% in 2022, compared with a 22% drop in MSCI EM stock index.
Source: Bloomberg
https://www.theedgemarkets.com/node/658454
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