Climbing a wall of worry – USD downtrend and rising EM assets

Posted on April 12th, 2016

Risk aversion remains elevated.  Brexit fears may continue to paralyze the GBP and hold back European assets.  However, record low aggregate bond yield indices, held down by QE and negative rates, and the prospect of more in Japan, is forcing investors to move out the risk curve in many asset classes.  Emerging markets appear relatively […]