IW Long Reads: New frontiers - are emerging markets ready to take the dollar's place as a safe haven?

Investors relishing prospect of EMs as greenback slumps

clock • 4 min read

Despite living up to its 'safe haven' status during the stockmarket woes in the early days of the Covid-19 crisis, three consecutive weeks of selling has pushed the price of the US dollar to its lowest level since April 2018. A combination of the monetary and fiscal policies in the US and investor positivity stemming from the recent wave of vaccine breakthroughs has led the currency to fall more than 6% against a basket of its peers this year. "The US dollar appears to be at a key inflection point," says Andrew Keirle, portfolio manager of the T. Rowe Price Emerging Local Markets Bond fund....

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Emerging markets

Four Graphs explaining India

Four Graphs explaining India

Four experts write

Investment Week
clock 12 February 2024 • 4 min read
JEMI's Omar Negyal: Emerging markets are well positioned to support AI boom

JEMI's Omar Negyal: Emerging markets are well positioned to support AI boom

Early adaption is key

Omar Negyal
clock 11 January 2024 • 2 min read
TSMC and Infosys most frequent top ten holdings across JP Morgan AM trust stable

TSMC and Infosys most frequent top ten holdings across JP Morgan AM trust stable

Emerging markets dominate

James Baxter-Derrington
clock 10 January 2024 • 1 min read
Trustpilot