Emerging markets are well positioned to stare down a US recession and may even be able to lure investors their way.
That’s the message from money managers including JPMorgan Chase & Co and Deutsche Bank AG even as fears of a contraction in the world’s largest economy spark a dash into Treasuries and other haven assets. Beyond the short-term turbulence, they say, developing nations will be cushioned by cheap valuations, higher yields, faster growth and above all, a resurgent China.
