EMIF News | Roxom Stocks

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Emerging Market Shares Look "Very Cheap" While Tech Stocks Are Also A Buy, Says Citi AnalystBeata Manthey, Citigroup Inc.’s (NYSE: C) head of equity strategy, doubled down on the bank’s bullish stance for global and in particular emerging market equities Wednesday, despite almost a year-long sell-off in the sector. She also said that the bank had been buying up tech stocks as fears of effects of a US recession now look overblown. She made the comments on an interview on Bloomberg TV Wednesday. “Putting geopolitics aside, the macroeconomic risk or the balance of the risks [of investing in global equities] has improved,” said Manthey. “I don’t want to sound overly bullish as the data still looks bad, but it looks less bad than what we thought it would so the global economy will continue to improve despite these risks more than we expected it to do.” Among emerging market stocks there has been a $1.8 trillion sell-off this year, taking stocks to their lowest levels vs. the S&P 500 since the 1980s. Manthey said that this made emerging market companies particularly attractive to Citi’s bargain hunters right now. “They look very cheap and this is part of our strategy. We’ve been overweight the US all summer … now it’s time to move to more ...Full story available on Benzinga.comBenzinga · Oct 11, 2023

Q2 2022 Global Outlook: Bracing For VolatilityCentral banks are facing a growth-inflation trade-off. Hiking interest rates too much risks triggering a recession, while not tightening enough risks causing runaway inflation.Seeking Alpha · May 26, 2022

Where Fundamentals Meet Technicals: The Dollar And Emerging MarketsThe dollar index just triggered a potentially bearish signal. Emerging markets are gaining some momentum and energy pipelines still look attractive at the current time.Seeking Alpha · Jan 13, 2022

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Last · Jun 15Semi-annual

Amount$0.28

Yield4.09%

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