May 13, 2024
Investment

Billions Flood Active ETFs in Hunt for Cheap Developing Stocks

(Bloomberg) — As investors scour the globe for under-valued stocks, one increasingly popular destination is actively managed exchange-traded funds that focus on emerging markets. Most Read from Bloomberg In the $348 billion market for ETFs that invest in developing-nation assets, the holdings of only about 5% of funds are actively managed — rather than pinned

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Investors

Argentina Is Taking a Chain Saw to Its Economy. Investors Love It.

Goodbye shock therapy. Hello, chain saw austerity. That’s the label Argentine President Javier Milei’s detractors have devised for his dynamic first month in power. Investors are pleased, so far. “The probability of success for Milei is larger than of failure,” says Alejo Czerwonko, chief investment officer for emerging markets Americas at UBS Global Wealth Management.

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