Hedge funds have turned bearish on emerging markets on a medium-term outlook, a recent survey of investors showed.
For emerging markets currencies, 2015 is shaping up to be a challenging year.
Yes, the falling price of oil is helping some countries that were until recently vulnerable. But for many others, the end of the Federal Reserve’s easy money will spell the beginning of a much more volatile period.
Investors in emerging markets have turned bearish over the near and medium term, even before the Federal Reserve’s asset-buying programme stops completely, a survey by Societe Generale shows.