INSUBCONTINENT EXCLUSIVE:
Bloomberg|Aug 14, 2018, 08.52 PM ISTWhile some investors say bargains are emerging, others are selling stocks and bonds.By Paul Wallace,
than a year, investors are positioning themselves to ride out the pain.
Traders pushed down emerging-market securities Monday as Turkish
assets sank, before stabilizing on Tuesday
The carnage added to an already fragile landscape amid tensions between the United States and other major economies such as Russia and
saying:
Kevin Daly, a money manager at Aberdeen Standard Investments in London:The almost-$800 billion investment group sold some
emerging-market holdings on Monday to increase its cash positions.Daly sees few signs the Turkish rout will end soon and says emerging
Capital Partners LLP:The turmoil is creating opportunities, including in Brazilian consumer stocks, the veteran emerging-markets investor
Washington worsensNicholas Ferres, chief investment officer at Vantage Point Asset Management in Singapore:The hedge fund has added exposure
only tweak things in the short term, while nothing fundamental, such as central bank independence, has been resolvedCould South Africa be
hit next because of its weak fundamentals, or Russia as its relations with the United States deteriorate, or Mexico where the peso has
strengthened on expectations surrounding the new president but no concrete outcome has been deliveredAsia is probably the most resilient
region, but close attention needs to be paid to the yuan
A decline beyond 7 per dollar would be a blow to other Asian currenciesMaximillian Lin, emerging-market Asia strategist at NatWest Markets
yen-cash positions; although there may be some risks for financial institutions in Europe due to their exposure to Turkey, this is unlikely
to become a significant global riskFrom a medium- to long-term perspective, the lira may rebound as Turkey offers higher yields, and when
that happens, the turnaround could be quite fastThere is no contagion effect of Turkish Lira fall on India rupee: Khoon Goh, ANZTurkish lira
crashes to record low on worries over economy, US rowDollar firmer ahead of Fed minutes; Turkish lira tumblesTurkish lira pulls back from a
record low, but leaves global markets rattledCommenting feature is disabled in your country/region.From Around The WebMore from The
