Parting Shot: Mohamed El-Erian

Parting Shot: Mohamed El-Erian

Funds

By Mohamed El-Erian Having witnessed numerous emerging markets crises over the years, I am continually impressed by how well the majority of these economies – including in Latin America – have navigated the present global economic malaise. This resilience has helped pull millions of people out of poverty while accelerating a long-term realignment of the global economy. It has also been a source of solid returns in the fixed-income markets, especially for investors starving for income in today’s ultra-low interest rate world. But with Europe’s lingering crisis, America’s sluggish economy, and slowing growth in emerging economies, some are understandably questioning the sustainability

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