Barclays Tells Rich Clients to Buy U.S. Stocks, Shun EM
- Emerging-market governments vulnerable, Salman Haider says
- Inadequate fiscal support undermines EM equity outlook
This article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
Emerging-market stocks may be recovering, but cash-rich investors would be better off avoiding the risks that still abound in developing nations. Barclays Plc is telling its high net-worth clients in emerging markets to invest in U.S. equities instead, despite the S&P 500’s breakneck rally.