Exploit relative-value opportunities in EM currencies, says Investec
Emerging market (EM) currencies offer attractive value for investors, but they are best exploited in relative-value terms, according to Thanos Papasavvas, strategist for fixed income and currencies at Investec Asset Management in London.
"Emerging markets do have real potential over developed markets at the moment, but that's only part of the way we look at EM currencies, as the key focus is always on relative value. So as an example, it's not about expecting the Brazilian real to appreciate
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