2013 Was Awful For EMs: Peter Elston
  • Prabha Hedge
  • Feb 05 2014

February 5: Emerging markets are seeing a sell-off after the U.S. Federal Reserve went ahead with its systematic bond-buying pace cuts. Moreover, pessimism surrounding China’s economy also continues. However, Peter Elston, Head of APAC Strategy & Asset Allocation, Aberdeen Asset Management, believes that there have already been substantial corrections in EMs.