Hermes' Greenberg: There is nothing earth-shattering happening in EMs - US is the wild card
Everything else is 'relatively predictable'
Gary Greenberg of Hermes
Uncertainty in the US is increasingly becoming the biggest headwind for emerging markets, according to Gary Greenberg, manager of the $2.6bn Hermes Global Emerging Markets fund.
Despite the recovery for the asset class, with the MSCI Emerging Markets index up 56% in dollar terms since February 2016, Greenberg is keeping a close eye on both long-term developments and short-term...
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