Tim Gregory, the head of global equities at the wealth manager at Psigma Investment Management, is avoiding economies with a current account deficit at all costs as they will be hit by the tightening of monetary policy in the US plus he believes the fall in the oil price will hit the countries like Brazil. Specifically. he has said:
“We like India, we like China – although Chinese stocks have really run hard and probably need a pause for breath and we would like to buy them again on weakness. But, we are very cautious about economies like South Africa, Brazil and Turkey – deficit countries.”
To read the whole article, Gregory: You must ditch your catch-all emergings market fund, go to the website of FE Trustnet. In addition, check out Falling Oil Prices Puts a Spotlight on Malaysia’s Debt (Reuters)
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