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UBS And Blackrock Warm to EM

edited February 2020 in The OT Bullpen
“Two of the world’s biggest asset managers are calling time on the longest US bull run in history, saying emerging market stocks offer better value and superior growth prospects. UBS Global Wealth Management last week cut its previous “overweight” recommendation on US equities to neutral, and replaced it with an overweight in EM equities. The BlackRock Investment Institute, a unit of the world’s biggest asset manager, did likewise.”
Financial Times 2/6/2020

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