Tag: emerging

With $6.5 billion invested in emerging equities, the fund has allocated 26% of its EM equity fund to China, while reducing India to less than half that, according to Edward Evans, a London-based EM equities portfolio manager. He cites a divergence in valuations as the main reason for the decision.

A risk-off sentiment gripped developing-nation assets, taking a cue from money markets that were no longer pricing a Federal Reserve interest-rate cut in September, pushing their expectation to November.