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News From Press The Emerging Market Rout Is Nearing a Turning Point, Templeton Says

The Emerging Market Rout Is Nearing a Turning Point, Templeton Says

Source: Bloomberg Sep 18, 2018

Franklin Templeton Investments says the rout in emerging markets may be nearing a bottom though reckons there are still countries like the Philippines that will suffer.

Given the uncertainty, the money manager is keeping a net neutral dollar position, while making trades including shorting the Philippine peso, as well as betting the Aussie will decline against the New Zealand dollar, said Chris Siniakov, managing director of fixed income for Australia at Templeton.

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