associate sponsors

Havells
HDFC

Gundlach says 'excellent time' for a partial shift into emerging markets

Gundlach says 'excellent time' for a partial shift into emerging markets

NEW YORK (Reuters) - The recent turbulence in emerging markets marks an "excellent time" for a partial shift into the sector for investors who have avoided the group all year, Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Tuesday in an investor webcast.

Gundlach, known as Wall Street's "Bond King," said the sell-off in emerging markets, stemming from Argentina and Turkey, has produced opportunities not seen in years. Emerging market dollar bonds are now yielding more than U.S. high-yield bonds, he said.

"I think it is excellent time - if you haven't been in emerging market bonds or high-yield bonds - to contemplate at least a partial shift based upon the level of the dollar and valuation," Gundlach said.

(Reporting by Jennifer Ablan; editing by Jonathan Oatis)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Jun 13, 2018 04:05 AM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See