Fed Taper Pause Good News For EMs: Bill Maldonado
  • Elizabeth George
  • Sep 19 2013

September 19: Bill Maldonado, CIO Asia Pacific at HSBC Global Asset Management, says that the Fed no-tapering move is good news for emerging markets but irrelevant in the long term. EMs have seen change to a positive stance due to attractive valuations, profitable companies, he says, while pointing out a valuation discrepancy between EMs and DMs. “We’re too bearish about EMs and have been blaming the taper but we need to look at domestic factors for clues as to the future,” he adds.