Citi: Emerging markets are expected to become the most favored trading markets this year
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Jinse Finance reported that analysts at Citigroup, after reviewing the outlook reports released by various funds, stated that the world's leading asset management companies (which collectively manage over $20 trillions in assets) are buying stocks, local currency bonds, and credit products in emerging markets, betting that strong global economic growth and a weaker US dollar will benefit these markets. Despite global markets experiencing volatility this week due to concerns that artificial intelligence may disrupt many sectors of the economy, emerging market assets have still performed well. The MSCI Emerging Markets Index rose as much as 0.7% on Thursday, reaching a record high. Trading volumes of related thematic ETFs have also surged significantly. This shift also reflects a more uncertain outlook for developed markets. Due to policy uncertainty and fiscal concerns weighing on market sentiment, government bond yields in the US, Japan, and Germany have soared. (Golden Ten Data)
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