Emerging Money Daily Audio Call September 26 – On the call today we remind you of where fund flows are lagging indicator but last week’s fund flows were quite negative for emerging markets and we don’t see a clear signal in terms of buying.
We will review Russia and why we think the funding conditions could maybe trigger sovereign rating cuts.
We’ll discuss Brazil, where if you have to play this market, we don’t think you should where we think the growth is clearly a better play overvalued even though there’s a lot of beaten up stuff in that part of the world.
Then we will get into the overall asset allocation call here where we do see a struggle in high-yield junk and emerging markets continuing but we do think you can be very selective in our space where we are getting near oversold conditions not there yet…log in into your account.
