ADIA joins emerging market bears

ADIA joins emerging market bears

Funds

Emerging equities have further to fall, Abu Dhabi Investment Authority’s head of internally managed equities, Greg Eckersley, has told LatinFinance. Valuations of consumer-orientated stocks may have traded too high to sustain investors’ interest as domestic demand changes, said Eckersley – but he was uncertain whether this meant it was the best time to buy export-orientated stocks. “Rate hikes and currency devaluations will have a natural impact, but the policy response takes time, and I’m not s

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