Emerging markets will be resilient in the face of US rate hike
Panelists suggest counter-consensus trade in EM
Emerging markets (EM) offer a good opportunity for investors willing to be against the consensus bearish view on EM units, due to traders anticipating a repeat of the taper tantrum in 2013, as central banks are much better prepared to deal with outflows and will be resilient in the face of a rate hike in the US.
"It's a good time to invest in EM because it's not a consensus trade, but it's not an easy trade anymore," said Michael Ganske, head of emerging market at Rogge Capital Markets at the FX
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