EM & APAC股票策略：美国例外主义与新兴市场资金流向

What if $1tn moves out of the US and moves into EM equities? While EM asset behaviours recently carry telltale signs of early stage rotation into EM, UBS does not yet see this as a sustained theme (and crucially - this is more because of some reversal of US exceptionalism than anything strong in EM). Nevertheless, in our recent discussions with investors, one of the most frequently broached topics is the prospect of a big wall of capital out of the US finding its way into EM equities. We assess the relative ...