Asset Management

Pimco’s Balls: US rate rise should boost emerging markets

Andrew Balls says a rate hike would remove a big source of risk weighing on emerging markets

Pimco’s Balls: US rate rise should boost emerging markets

For many investors, the prospect of the US Federal Reserve finally raising rates is a troubling one that could send prices of some assets downward, especially in emerging markets that have benefited from a prolonged period of easy money.

Andrew Balls, who oversees 50 portfolio managers and approximately $460 billion in assets globally at Pacific Investment Management Co, thinks otherwise.

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