BlackRock Investment Institute has an "underweight" stance on stocks in emerging markets as many of those economies are still grappling with the spread of the coronavirus, a strategist said.
BlackRock Investment Institute has an "underweight" stance on stocks in emerging markets as many of those economies are still grappling with the spread of theStocks in emerging markets have lagged global share prices. The MSCI Emerging Markets Index up inched up around 0.4% so far this year — far behind the 5.8% gains in the MSCI World Index during the same period, according to data by Refinitiv.
Emerging markets have reported some of the highest numbers of cumulative coronavirus cases globally, according to data compiled by Johns Hopkins University. Four of the five countries with the largest outbreaks — Brazil, India, Russia and Peru — are emerging markets, the data showed. Pictet Asset Management holds a different view. The Swiss investor said in its September outlook that it upgraded emerging market stocks from "neutral" to "overweight."
HighFreq. BlackBox trading always spikes—As the retail dumb$ & 401k trading other people’s$ gets in at the top. 🌷
OwenNkomo ; PatriceRassou ;
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