Emerging Markets to Gain Most from ECB Easing

The European Central Bank has given investors an excuse to keep buying in emerging markets into the second half of the year, as a worldwide “hunt for yield” runs out of assets to buy in advanced economies.  They will have to be more selective than they were during the post-financial-crisis stampede into developing countries, but as the global economy stabilizes and rich-country interest rates plumb new depths, global investors can now finally put the “taper tantrum” behind them.

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-Igor P Purlantov