LatAm investors shrug off Fed taper as CDS widen

Jan 30, 2014

EM portfolio managers put on a brave face Wednesday even as CDS widened following an announcement by the US Federal Reserve that it would cut bond purchases by a further $10bn a month. Investors surveyed by LatinFinance said the decision to extend tapering was already factored in — and that Chinese demand would have a heftier sway over markets. “Whoever was not expecting this by the Fed...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management