Aug
13
How Emerging-Market Investors Are Playing Turkey’s Crisis
By-
Morgan Stanley says short South African rand versus yen
- Ashmore says there’s plenty of ‘opportunity’ left in EM
As emerging markets take a battering from Turkey’s turmoil, sending stocks and bonds toward their lowest this year, traders are positioning themselves to ride out the pain.
Traders pushed down the value of emerging market assets Monday as Turkish assets sank. The carnage in Turkey added to an already fragile landscape amid tensions between the U.S. and other major economies such as Russia and China. While some investors say bargains are already emerging, others bet the best option is to sell stocks and bonds and put their money into cash…
