Sep
16
Morgan Stanley Investment Rates Ringgit, Rupiah Top Picks
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Rupee also favored as India better placed to handle outflows
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All three currencies seen outperforming emerging-market peers
Malaysia’s ringgit and Indonesia’s rupiah are the most attractive emerging-market currencies to Morgan Stanley’s asset management arm after a selloff drove them to their lowest levels in 17 years.
The currencies are Asia’s worst performers this year as a slump in commodity prices hurts exports and the U.S. prepares to raise interest rates. Morgan Stanley Investment Management predicts the ringgit and rupiah will outperform peers and says developing economies are unlikely to face a repeat of the so-called Taper Tantrum of 2013 when $70 billion was pulled from their bond markets after the Federal Reserve signaled monetary stimulus would be cut…
Morgan Stanley Investment Rates Ringgit, Rupiah Top Picks
