The biggest selloff in emerging-market assets since May amid heightened North Korea-U.S. tension will probably create another buying opportunity, according to Wall Street traders.
Edwin Gutierrez, head of emerging-market sovereign debt at Aberdeen Asset Management in London
“Not concerned at all,” he said, adding the rout should be short-lived
The North Korea situation is not exactly something that can be hedged easily in risk portfolios and we aren’t doing anything off the back of it
Gary Herbert, a Philadelphia-based money manager at Brandywine Global Investment Management, which oversees about $57 billion in fixed income
“This is a more of a bump in the road for emerging markets,” despite the greater fears of increased tension
Herbert said the selloff in developing-nation assets could present a buying opportunity for Latin American bonds
Source: Bloomberg Pro Terminal
Trader I. Ivanov
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