Markets to stay volatile, as coronavirus fears dampen EM growth, says Bluebay

Stockmarket tickers

Fears over the coronavirus outbreak will drive volatility in global markets for some time, according to BlueBay Asset Management, which suggested re-orientating portfolios away from cyclicals and towards duration and carry.

Emerging markets has seen a particular squeeze over the past week, with EM equity down some 5 per cent at one point as the S&P dipped 2 per cent, BlueBay observed in a research note.

Premium Content

To continue reading this content, please subscribe for free.

SUBSCRIBE