Emerging markets look safest – 7IM
Sep 26, 2016, 01:13 PM
Ben Kumar, Investment Manager at Seven Investment Management (7IM) discusses the fundamental/macro outlook of advanced nations before concluding that the emerging markets appear safest in the current scenario.
Key points:
Earnings growth is not coming through
Do not thing it is very palatable for Germany to let Deutsche Bank go bust
China – Debt to GDP ratio of 30% is far less than what is seen across the advanced world. China has huge cash holding to back the debt. Investment in UK has stalled