Emerging Markets Equity Funds recorded their biggest weekly outflow in over eight months with all four of the major regional groups experiencing net redemptions.
Real Estate Investment Trusts have suffered over the past year, thanks to rising interest rates, ending a seven-year rally, but there are still pockets of strength.
The CIO of Legg Mason’s Western Asset Management says that despite the prevalent view, inflation is not rising significantly, and the “reflation trade” has gotten ahead of itself. The best opportunities? Emerging market debt.