BAML: Don't Judge Emerging Markets Based on Capital OutflowsMark Melin
Net capital outflows from emerging markets currently correlate to those seen during the global financial crisis and are worse than the taper tantrum, a research report from Bank of America Merrill Lynch says, but don’t worry about it to the same degree. The market environment is now “much more benign” and looking at capital flows to help forecast future returns may no longer be appropriate.
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.