July 22, 2013
selloff in emerging markets has led to buying opportunities across the asset
class following a “severe technical adjustment” that is likely to have run its
course, Pimco CEO and co-CIO Mohamed El Erian has said in an interview with LatinFinance.
must nevertheless brace for an extended period of volatility as investors
realign credit risk amid uncertainty over US monetary policy and continued
global economic weakness, he added.
see growth in the advanced world taking off, nor do I see it collapsing, but I
see a lot of financial volatility ahead because people like us will be repricing
the liquidity paradigm,” El Erian said.
comments come amid mo
The EM selloff has led to buying opportunities across the asset class, Pimco's CEO says