iShares MSCI Emerging Markets (Acc) (SEMA)
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risparmier
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risparmier
Forumer storico
Feb 4, 2014 8:20 PM
The worst start to a year for emerging-market stocks is creating a buying opportunity, according to Jim O’Neill, the former Goldman Sachs Asset Management chairman who coined the term BRIC in 2001.
“Some places in the emerging world have got some real problems, but that to be described as some kind of emerging-market crisis is frankly kind of ridiculous,” O’Neill said today in an interview on Bloomberg Radio. “We probably are closer to a good opportunity to buy some of these things rather to join in the panic.”
Emerging-market stocks fell today on concern the global economic recovery will wane. The MSCI Emerging Markets Index dropped 0.8 percent to 919.46 at 2:07 p.m. in New York, the lowest in five months. The decline brought this year’s slump to 8.3 percent, the most in the same period since at least 1988.
The U.S. Federal Reserve’s decision to taper an unprecedented bond-buying program is amplifying the selloff in emerging-market assets, according to O’Neill. He identified Ukraine, Thailand, Argentina and Turkey as countries with “some serious issues.”
Tapering is “more problematic for emerging economics but affects everywhere,” said O’Neill, who is a columnist for Bloomberg View. “That shouldn’t be confused with individual emerging countries having genuine problems.”
O?Neill Says Emerging-Market Selloff Creates Buying Opportunity - Bloomberg
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The worst start to a year for emerging-market stocks is creating a buying opportunity, according to Jim O’Neill, the former Goldman Sachs Asset Management chairman who coined the term BRIC in 2001.
“Some places in the emerging world have got some real problems, but that to be described as some kind of emerging-market crisis is frankly kind of ridiculous,” O’Neill said today in an interview on Bloomberg Radio. “We probably are closer to a good opportunity to buy some of these things rather to join in the panic.”
Emerging-market stocks fell today on concern the global economic recovery will wane. The MSCI Emerging Markets Index dropped 0.8 percent to 919.46 at 2:07 p.m. in New York, the lowest in five months. The decline brought this year’s slump to 8.3 percent, the most in the same period since at least 1988.
The U.S. Federal Reserve’s decision to taper an unprecedented bond-buying program is amplifying the selloff in emerging-market assets, according to O’Neill. He identified Ukraine, Thailand, Argentina and Turkey as countries with “some serious issues.”
Tapering is “more problematic for emerging economics but affects everywhere,” said O’Neill, who is a columnist for Bloomberg View. “That shouldn’t be confused with individual emerging countries having genuine problems.”
O?Neill Says Emerging-Market Selloff Creates Buying Opportunity - Bloomberg
Google Traduttore
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