El Erian sees EM bargains as outflows continue

El Erian sees EM bargains as outflows continue

A sharp 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. Markets 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. “I don’t 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. His comments come amid mo

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