Aberdeen, Goldman Are Picking Up Bargains in EM as Others Flee - Bloomberg

Aberdeen, Goldman Are Picking Up Bargains in EM as Others Flee - Bloomberg:

"A stronger dollar and geopolitical tensions have sent plenty of investors bolting from emerging markets. Then there’s Aberdeen Standard Investments and Goldman Sachs Asset Management.

Aberdeen Standard Investments, which oversees about $770 billion, took advantage of the recent selloff to increase its holding in the Russian ruble, South African rand and Indonesian rupiah. Goldman Sachs Group Inc.’s asset-management unit, which manages more than $1 trillion, increased its position in emerging-market debt as it viewed the recent weakness as excessive.

With the exception of Argentina and Turkey, the pullback has little to do with developing nations’ fundamentals as growth remains solid, according to Ashmore Group Plc."



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